The Problem with Community Rating Is That It

question 18

Multiple Choice

The problem with community rating is that it:

• A)causes moral hazard.
• B)results in poor-quality health care.
• C)is very unpopular with health care providers.
• D)may cause adverse selection.

Identify trends in employee benefits over the past two decades.

Explain the strategies organizations use to manage workforce size, including early retirement incentives.

Examine gender disparities in retirement age within Canada.

Delineate between different types of pension plans and their characteristics.

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Definitions:

Cost Driver

An activity or factor that incurs costs based on its level of usage or volume, playing a critical role in activity-based costing.

Allocated Equally

The process of distributing resources, costs, or assets in equal portions among recipients or activities.

Internal Price Wars

Competitive pricing tactics within an organization or amongst subsidiaries that aggressively lower prices, potentially harming the organization's overall profitability.

Decentralization

The delegation of decision-making authority from central management to lower levels in the organizational hierarchy, often to improve the responsiveness and flexibility of a company.