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Describe three domains of development and explain how they interact.
Insurance Exchanges
Marketplaces established to facilitate the purchase of health insurance in accordance with the rules of the Affordable Care Act.
Foster Competition
Encourages or promotes a competitive environment within a market, leading to benefits such as innovation and lower prices.
Insurance Companies
Financial institutions that provide coverage against specified losses in exchange for premium payments.
Deductibles
The amount policyholders must pay out of pocket before an insurance company will cover the remaining costs of a claim.
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