The Oldest and Most Expensive Type of Healthcare Plans Repay

question 34

Short Answer

The oldest and most expensive type of healthcare plans repay policyholders for costs of healthcare due to illness and accidents and are called ________ plans.

Understand the basic concepts and terminology related to financial markets and securities.

Identify different types of financial assets including stocks, bonds, and mutual funds.

Recognize the function and importance of financial markets.

Differentiate between real assets and financial assets.

---

Definitions:

Budgeted Units

The quantity of products or services that an organization plans to produce or sell in a specific period according to its budget.

Static Budget

A fixed budget plan that does not change with actual levels of output or activity achieved during a period.

Patient-Visits

The number of times patients visit a healthcare provider or facility for services in a given period.

Total Variable Cost

The sum of all variable expenses that a company incurs in the process of producing goods or services.