Most Health Insurers Ask That Patients Pay a Portion (Or

question 3

Multiple Choice

Most health insurers ask that patients pay a portion (or percentage) of the charge for professional services.This charge is commonly referred to as:

• A) usual, customary, and reasonable (UCR).
• B) coinsurance.
• C) deductible.
• D) reimbursement.

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Definitions:

Divisional Income

The income generated by a specific division or segment of a larger company, useful for assessing the division's financial performance.

Residual Income

The amount of income that an individual has after all personal debts and expenses, including a mortgage, have been paid.

Minimum Return

The lowest acceptable return on investment that an investor is willing to accept, often used in evaluating projects or performance.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales revenue; it calculates how quickly investments are converted into income.