Nursing 102 exam 2
Financing
mechanism that gives people the ability to pay for healthcare services
Moral hazard
consumers utilize more health care services than they would if they had to pay
Provider-induced demand
the provider's ability to create demand
Supply-side rationing
it focuses on restricting the availability of expensive health care services
Demand-side rationining
some face barriers to obtaining health care servicesa
, Insurance
a mechanism to protect against risk
Risk
the possibility of substantial financial loss from some events
Insured, Enrollee, Member, Beneficiary
an individual who is protected by insurance
Insurer
an insurance agency that assumes the risk
Underwriting
evaluates, selects/rejects, classifies, and rates risk
Premium
amount charged by the insurer to provide coverage
Deductible
Financing
mechanism that gives people the ability to pay for healthcare services
Moral hazard
consumers utilize more health care services than they would if they had to pay
Provider-induced demand
the provider's ability to create demand
Supply-side rationing
it focuses on restricting the availability of expensive health care services
Demand-side rationining
some face barriers to obtaining health care servicesa
, Insurance
a mechanism to protect against risk
Risk
the possibility of substantial financial loss from some events
Insured, Enrollee, Member, Beneficiary
an individual who is protected by insurance
Insurer
an insurance agency that assumes the risk
Underwriting
evaluates, selects/rejects, classifies, and rates risk
Premium
amount charged by the insurer to provide coverage
Deductible
