W5 Financing Health Care Flashcards
Who pays for (finances) health care services?
What do health insurance companies do?
Health insurance companies offer policies that assume the risk for health care cost. Health insurance companies process
What is health insurance?
Health insurance are different policies that are purchased to pay for certain health-related services and goods such as medical, surgical, and hospital expenses.
What are benefits?
Benefits are the covered services that are reimbursed by the insurance policy (Benefits are what the policy pays for).
Who is the insurer, subscriber, and insured?
Who are 3 players in the third-party payer system?
The 3 players in the third-party payer system are 1. Individual seeking health care 2. Provider of health care 3. Public & private health insurers.
Who pays for health insurance policies?
An individual, an employer, or the government can pay for health insurance policies.
