Match the Term with the Appropriate Definition or Description

question 8

Multiple Choice

Match the term with the appropriate definition or description:
-Government program to provide coverage for the poor and disabled

• A)adverse selection
• B)capitation
• C)classical principles of insurance
• D)coinsurance
• E)community rating
• F)copayment
• G)deductible
• H)disparities
• I)fee-for-service
• J)health care savings accounts
• K)healthy worker effect
• L)individual or differential rating
• M)lifetime cap
• N)Medicaid
• O)Medicare
• P)moral hazard
• Q)underinsured
• R)uninsured

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Definitions:

Net Assets

The total assets of an entity minus its total liabilities, indicating the entity's financial health and value.

Purchase Consideration

The total value transferred by an acquirer to obtain control of an acquired entity, which can include cash, securities, or other assets.

Net Fair Value

The amount that an asset could be bought or sold for in a current transaction between willing parties, minus any selling costs.

Unrecorded Goodwill

Goodwill that has arisen through operations but has not been formalized in the financial statements because it has not been acquired through a business combination.