Asked by Zeyka Strandzheva on Jul 19, 2024
Verified
Community rating is a regulation that requires:
A) cities to give ratings to movies shown in local theaters.
B) insurance companies to offer the same policies for the same premium to everyone,regardless of medical history.
C) insurance companies to charge higher premiums to healthy people.
D) insurance companies to charge higher premiums to the sickest people in the community.
Community Rating
A system where insurance premiums are set based on the overall risk of the community rather than individual health risks.
Medical History
Medical history entails a comprehensive record of a person's past health conditions, treatments, surgeries, and diagnoses, critical for informed healthcare decisions.
- Recognize the challenges and benefits associated with community rating and the individual mandate in health insurance.
Verified Answer
NA
Nader AlkhateebJul 20, 2024
Final Answer :
B
Explanation :
Community rating requires insurance companies to offer the same policies for the same premium to everyone, regardless of medical history. This ensures that individuals are not unfairly penalized for pre-existing conditions and promotes equal access to healthcare.
Learning Objectives
- Recognize the challenges and benefits associated with community rating and the individual mandate in health insurance.