Examlex
Lee walks into a meeting and notices the places where people are seated. Lee is paying attention to a _____.
Co-pays
Fixed amounts paid by patients for healthcare services at the time of service, with the balance covered by insurance.
Deductibles
Deductibles are the amount paid out of pocket by the policyholder before an insurance provider pays any expenses.
Moral Hazard
The risk that one party to a contract can change their behavior to the detriment of the other party once the contract has been executed.
Asymmetric Information
A situation where one party in a transaction has more or superior information compared to another.
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