Employee-Sponsored Group Policies Usually Provide Greater Benefits at Lower Premiums

question 34

Multiple Choice

Employee-sponsored group policies usually provide greater benefits at lower premiums because of the large pool of people from whom premiums are collected. However, these employee-sponsored group health insurance plans offer limited benefits, and healthcare access is limited to healthcare providers that are contracted with them.

• A) Both statements are true.
• B) Both statements are false.
• C) The first statement is true; the second is false.
• D) The first statement is false; the second is true.

---

Definitions:

Construct Complex Representations

involves creating detailed and layered portrayals or models of ideas, objects, or systems.

Social Interactions

The process by which individuals act and react in relation to others within society, encompassing both verbal and nonverbal communication.

Disequilibrium

Disequilibrium refers to a situation in which there is an imbalance or mismatch, often used in economics to describe markets where supply does not equal demand, but also applicable in other contexts such as biology and psychology.

Rational Choice Theory

A framework that assumes individuals act based on rational calculations to maximize their benefits and minimize their losses in any given situation.