Health Economics
14th Edition
ISBN: 9781137029966
Author: Jay Bhattacharya
Publisher: SPRINGER NATURE CUSTOMER SERVICE
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Question
Chapter 7, Problem 9E
To determine
Determine whether the given statement is true or false.
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H applied for a individual major medical policy. When H filed a claim within the first year of coverage and the underwriter noticed that the H's age on the claim form was different than what was listed on the application. The insurer will take which of the following actions regarding H's claim?
A: Deny the claim and refund premiums
B: Deny the claim, cancel the policy and keep all premiums
C: Pay the claim in full and keep the policy as is
D: Adjust the claim benefit amount to the insured's correct age
Insurance coverage has been shown to diminish the importance of time in the decision about how much medical care to seek and which providers to use.
True OR False
what does non-stationarity mean ?
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