What fundamental concept does health insurance rely on?
Car/Auto Insurance Explained!

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Social Studies
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12th Grade
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Medium
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economy of scale
Government support
Individual savings
Private investments
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when you sign up for health insurance?
You pay for individual coverage
You join a group to share healthcare costs
You receive government aid
You are covered only for accidents
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Gary's example, what initially caused his need for medical attention?
A skiing accident
A workplace injury
A home incident
A car accident
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much could the birth of Gary's twins potentially cost without insurance?
No more than $10,000
Less than $1,000
Up to $100,000
Exactly $50,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of healthy individuals in a health insurance group?
They do not contribute to the pool
They only cover their own costs
They pay less into the pool
They help cover costs when others are sick
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Gary's insurer bet on with the group's pooled money?
That no one will get sick
That the money will cover all health expenditures
That only Gary will use the funds
That they will profit without payouts
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are Gary's financial responsibilities after his accident with health insurance?
Nothing at all
Annual premiums only
Only his co-pay and deductible
Paying the full cost
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