QUESTION 1 The two key concepts in group insurance are _____. A. risk is transfe

Question

QUESTION 1

The two key concepts in group insurance are _____.

A. risk is transferred from the group to the individual and the group shares the cost of any covered losses incurred by its member.

B. risk is transferred from the group to the individual and the individual shares the cost of any covered losses incurred by its member.

C. risk is transferred from the group to the individual and the individual shares the cost of any covered losses incurred by its group.

D. risk is transferred from the individual to the group and the group shares the cost of any covered losses incurred by its member.

QUESTION 2

The "Triple Aim" is focused on the goals of _____, _____, and _____.

A. patient satisfaction

B. reducing the number of uninsured

C.  improving public health

D. reducing healthcare costs

Explanation / Answer

1> D. risk is transferred from the individual to the group and the group shares the cost of any covered losses incurred by its member.

Reason

Group insurance is an insurance that covers a defined group of people, for example, the members of a society or professional association, or the employees of a particular employer. Group coverage can help reduce the problem of adverse selection by creating a pool of people eligible to purchase insurance who belong to the group for reasons other than the wish to buy insurance, which might be because they are a worse than average risk.

2> The goals are

Thus, B is the only wrong option,

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