You run a large health insurance company with a good reputation that tends to keep policyholders. What criteria would you use to balance the scarcity of resources (premiums), change the services provided, and/or influence the costs of claims?

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13-07-2022
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You run a large health insurance company with a good reputation that tends to keep policyholders. What criteria would you use to balance the scarcity of resources (premiums), change the services provided, and/or influence the costs of claims?

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anthougo anthougo · Answer 1 · 2022-07-15T20:05:55+02:00

To balance the scarcity of insurance premiums and achieve the other objectives, the health insurance company or insurer should consider these criteria:

Age of the insured
Coverage types
Coverage locations
Coverage amounts.

What is health insurance?

The health insurer pays some or all of a person's healthcare costs. The insured pays, in exchange, an agreed or fixed periodic premium.

The health insurance company must cover many people of different age brackets, locations, and coverage amounts, to remain attractive, competitive, and profitable.

Thus, the health insurance company or insurer should explore many criteria to maintain its good reputation and remain financially capable.

Learn more about health insurance at https://brainly.com/question/1941778

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