Match the Term with the Appropriate Definition or Description

question 3

Multiple Choice

Match the term with the appropriate definition or description:
-A system in which an employer or individual pays a premium to the insurance company; the patient seeks care as needed; the provider sends the insurance company a bill

• 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

Recognize the accounting treatment of investments under IFRS 9.

Understand reporting requirements under the Accounting Standards for Private Enterprises (ASPE).

Describe the recognition of gains and losses on fair value through profit or loss (FVTPL) securities and their impact on net income.

Understand the treatment of realized gains from the sale of FVTOCI investments.

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Definitions:

Involuntary Admissions

The practice of admitting individuals to psychiatric facilities without their consent, typically when they are deemed a risk to themselves or others.

Primary Diagnosis

The main health issue or disorder diagnosed in a patient, considered to be the most significant condition affecting the individual.

R. V. Chaulk

A significant legal case in Canadian law regarding the assessment of criminal responsibility based on mental illness.

Morally Wrong

Actions or behaviors that are considered unethical or unacceptable according to societal norms or personal ethics.