Question

The right of a provider to receive payment from public insurers generally is determined by regulation or statute, rather than contract.

Group of answer choices

True

False

Answer 1

It is true.
Insurance means a protection from financial crisis.public insurance means that special insurance coverage by the government or private agencies under the control of government.Two types of public health insurance,they are Medicare and Medicaid.
The insurance regulations are generally related to certain laws and regulations regarding the solvency and marketing of insurance companies. They can be maintain insurer solvency,protect the consumer,make insurance available to people who they are poor risks, might otherwise be unable to get it and regulate premium rates.According to McCarran-Ferguson Act in 1945 a law become passed.
According to this the state authorities will be regulate insurers.Solvency regulations means that the solvency of insurers is maintained and effects of an insolvency occur. Market regulations ensure theat fair treatment of policyholders to be provided.To prevent discrimination and dubious claim practicesThey regulate advertising and other marketing, underwriting, claims payment, rates charged, and insurance policies. The states will prohibit unfair or deceptive procedures related to selling policies, settling claims, and other procedures.