Click Here to Chat on WhatsApp

(Get Answer)

1. How would self-insured plans serve as a competitive counterforce to insurers trying to raise premiums for fully insured products? If a self-insured plan

Expert Answer


1. How would self-insured plans serve as a competitive counterforce to insurers trying to raise premiums for fully insured products? If a self-insured plan "rents" an insurer's network of providers, does this likely effect the insurer's ability to negotiate provider prices? Why?
Step 1/1
Self-safeguarded plans can act as a serious counterforce to safety net providers attempting to raise charges for completely protected items since self-guaranteed plans permit businesses to expect the monetary gamble of their representatives' medical services costs. This implies that the business, as opposed to an insurance agency, pays for the clinical costs of its representatives. Subsequently, self-protected plans give bosses more command over their medical services costs, which can empower them to haggle better costs with medical services suppliers and keep away from the high managerial expenses related with conventional protection.  Competitive Counterforce to Insurers Essay Example
Final answer
At the point when a self-safeguarded plan "leases" a guarantor's organization of suppliers, this might possibly influence the guarantor's capacity to arrange supplier costs. This is on the grounds that the back up plan is basically going about as a broker between oneself protected business and the suppliers, and the suppliers might be more ready to arrange lower costs straightforwardly with the business instead of through the guarantor. Furthermore, oneself guaranteed boss might have more haggling power than an insurance agency since it addresses a bigger gathering of people, and suppliers might be more able to offer limits to keep up with the's business. Nonetheless, the degree to which this influences the guarantor's capacity to arrange supplier costs will rely upon the particulars of the legally binding connection between the back up plan and oneself protected business.  Competitive Counterforce to Insurers Essay Example

This question has already been tackled by one of our writers and a good grade recorded. You can equally get high grades by simply making your order for this or any other school assignment that you may have.

Every Student Buys Essays from us, here is why!

Pressed for time to complete assignments or when you feel like you cannot write, you can purchase an essay on our website. Some students also want model papers to use as samples when revising or writing. There are also students who approach our essay writing service to beat deadlines. We handle every type of homework, assignment, and academic writing tasks. You can buy college essays and other assignments here. At a glance, here are some reasons students prefer our website.

100% Original Essays and Papers

You can be sure that you are getting a paper that is custom written based on your instructions. We do not sell papers that are pre-written. Instead, we write every essay from scratch. When you say “write my essay,” we respond by giving you a paper that is 100% original and free of any plagiarism. The essays you purchase from us have never been sold anywhere.

Flexible & Affordable Prices

It does not cost a fortune to get academic writing help on our website. If you have a question from class, place an order, get a discount, and get cheap essay writing services. What you see as the price is what you pay for. There are no any hidden charges. If you need urgent papers, they might cost a little more, but the price is worth the quality you get in the end. Hire a professional academic writer beginning from $13 a page.

Anonymity, Privacy, and Confidentiality

No one will ever know that you purchased an essay or assignment from our website. The essays you buy from us are written by experts. Your data is only used to coordinate the essay writing services you get. No one can access your personal information and data. Go ahead and order an essay from our website. It is safe, secure, and convenient.

Order a Unique Copy of this Assignment
275 Words

By placing an order you agree to our terms of service

Place Order »