question 7 / 10\nwhich of the following statements about health insurance is false?\na. people use insurance…

question 7 / 10\nwhich of the following statements about health insurance is false?\na. people use insurance to reduce their risk of having very large medical expenses.\nb. insurance plans with different premiums and deductibles let you decide how much financial loss you are willing to risk\nc. paying for health insurance is always cheaper than paying for your own medical expenses.\nd. none of the above.

question 7 / 10\nwhich of the following statements about health insurance is false?\na. people use insurance to reduce their risk of having very large medical expenses.\nb. insurance plans with different premiums and deductibles let you decide how much financial loss you are willing to risk\nc. paying for health insurance is always cheaper than paying for your own medical expenses.\nd. none of the above.

Answer

Brief Explanations:

A is true as insurance spreads risk of large - medical costs. B is true as different premiums and deductibles allow for risk - taking choices. C is false because if one has very low medical expenses over time, paying out - of - pocket may be cheaper than paying insurance premiums.

Answer:

C. Paying for health insurance is always cheaper than paying for your own medical expenses.