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Healthy Patients Who Forgo Health Insurance, Knowing That the Health

question 34

Multiple Choice

Healthy patients who forgo health insurance, knowing that the health care and emergency systems that are set up to cover those who do buy insurance will be there for them if something catastrophic occurs are known as ______.


Definitions:

Lost Profits

Income that a business does not receive due to disruptions, such as breaches of contracts or other damages, which could have been earned if the disruption had not occurred.

Property Insurance

A type of insurance policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft.

Actual Value

The true or fair market value of an asset or property.

High Premium

An insurance policy or financial product cost that is significantly above average, often reflecting higher risk or greater coverage.

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