Created in an Effort to Provide Workers with Health Coverage

question 62

True/False

Created in an effort to provide workers with health coverage by keeping costs down,health maintenance organizations (HMOs)provide,for a set monthly fee,total care with an emphasis on prevention to avoid costly treatment later.

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Definitions:

External Benefits

Advantages or positive effects generated by an economic activity that benefit individuals or entities not directly involved in the activity.

Market Forces

The natural forces of supply and demand that govern the functioning of the free market, determining prices and production levels.

Rival

Describes a good or resource that cannot be consumed by more than one person or entity at the same time without diminishing its availability to another.

Nonexclusive

A property of a good or service where one person's use does not diminish availability to others.