When a Patient Has Dual Coverage, the Insurance That Is

question 33

Multiple Choice

When a patient has dual coverage, the insurance that is considered the primary insurance is

• A) based on the subscriber's date of birth.
• B) determined by which subscriber's last name comes first in the alphabet.
• C) determined by which subscriber has had their insurance policy the longest.
• D) generally, the policy held by the patient.

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Definitions:

Differentiated Oligopoly

A market structure where a few firms dominate the industry but offer products that are distinct in some aspect, leading to non-price competition among them.

Quality and Design

Aspects of products or services that dictate their overall appeal, functionality, and satisfaction to the consumer.

Collusively

Collusively involves cooperating in a secretive or illegal manner, often used to describe businesses that agree to fix prices or divide markets amongst themselves.

Degrees of Competition

The spectrum of market structures that varies from one extreme of perfect competition to the other of monopoly, including monopolistic competition and oligopoly in between.