Suppose you go to a doctor, but your health insurance plan reimburses you for only 80 percent of the bill. This is an example of: A. coinsurance. B. a deductible. C. monopsony power. D. a deferred benefit plan.

Suppose you go to a doctor, but your health insurance plan reimburses you for only 80 percent of the bill. This is an example of: A. coinsurance. B. a deductible. C. monopsony power. D. a deferred benefit plan.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose you go to a doctor, but your health insurance plan reimburses you for only 80 percent of the bill. This is an example of:
A. coinsurance.
B. a deductible.
C. monopsony power.
D. a deferred benefit plan.

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