Which of the Following Statements Concerning Insurance for Health-Care Services

question 12

Multiple Choice

Which of the following statements concerning insurance for health-care services is true?

• A) Most workers purchase their own insurance.
• B) State governments are the providers of Medicare and Medicaid.
• C) In the United States, only private firms provide health insurance.
• D) Subscribers to insurance plans may pay a small percentage of the cost of the health care they consume.

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Definitions:

Nationwide Consumer

Nationwide consumer refers to an individual who purchases or uses goods and services across an entire country, not limited to a specific area.

Credit Card Holder

An individual or entity that owns and utilizes a credit card for financial transactions.

Limited Liability

A legal status limiting an individual's loss in a business venture to the amount invested, protecting personal assets from the debts and liabilities of the business.

Home Equity Loan

A type of loan where borrowers use the equity of their home as collateral, typically used for major expenses such as home repairs, medical bills, or college education.