Econ exam 2.2 1-10
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt Play1/9
There's no tags or description
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
10 Terms
Health Care Model Complexity
The U.S. system involves multiple players (patient, employer, insurer, provider, government), making it difficult to manage efficiently.
Health Care Expenditures
Total spending on health care; extremely high in the U.S. (~trillions, large % of GDP).
Stakeholders
Key participants: patients, providers, insurers, employers, government.
Premium
Monthly payment for insurance.
Deductible
Amount paid before insurance starts covering.
Coinsurance
Percentage of costs paid after deductible.
Out-of-Pocket Maximum
Maximum you pay per year before full coverage.
In-Network
Cheaper providers approved by insurance.
Out-of-Network
More expensive or not covered providers.
Market Failure
When the market does not allocate resources efficiently.
