Which of the Following Is One of the Approaches Taken

question 4

Multiple Choice

Which of the following is one of the approaches taken by employers offering health care benefits to control and reduce their costs?

• A) Decreasing deductibles and copayments
• B) Decreasing high-deductible plans
• C) Increasing employee contributions
• D) Providing unlimited family coverage

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Definitions:

Competitive Industry

An industry characterized by many firms competing against each other, with low barriers to entry and products that are similar but not identical.

Marginal Cost Pricing

A pricing strategy where the price of a good or service is set equal to the marginal cost of producing one more unit, commonly used in regulated utilities.

Regulatory Agency

A government body responsible for creating and enforcing rules to govern a specific industry or sector.

Social Welfare

Policies and programs designed to improve the well-being of individuals and communities, addressing needs such as health, education, and employment.