A Quality Health Insurance Plan Should Do All of the Following

question 58

Multiple Choice

A quality health insurance plan should do all of the following except

• A) Offer basic coverage for hospital and doctor bills.
• B) Impose no unreasonable exclusions.
• C) Limit out-of-pocket expenses to no more than $3,000 to $5,000 per year.
• D) Provide at least 120 days' hospital room and board in full.
• E) Provide a lifetime maximum level of coverage of up to $50,000.

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Definitions:

Tax Receipts

The income generated for a government through taxation, which can include revenue from individuals, corporations, and other taxes.

Budget Deficit

A situation where a government's expenditures exceed its revenues, leading to the need for borrowing or using saved reserves.

Marginal Propensity To Consume

The ratio of the change in consumption spending to the change in disposable income, indicating how much of additional income will be spent.

John Maynard Keynes

A UK-based economist who significantly transformed both the theoretical and practical aspects of macroeconomics, as well as the economic strategies executed by governments.