Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Discusss the trouble with macroeconomics according to Paul Romer. Discuss the macroeconomic objectives. (7 points) You work for Fillmore Consultants and provide benefits consulting to

Discusss the trouble with macroeconomics according to Paul Romer.

Discuss the macroeconomic objectives.

image text in transcribed
(7 points) You work for Fillmore Consultants and provide benefits consulting to Mission Moving & Storage, who provides self-insured medical, dental, and vision benefits to its employees. Mission's current dental plan: . Type I/II/III services covered at coinsurance levels of 90%/70%/50% with a $100 deductible Annual maximum of $2,000 on Type II/III Services . Non-contributory and participation is 100% (1 point) Describe common provisions aimed at limiting anti-selection in dental plans. (b) (2 points) List common underwriting and rating parameters for group dental coverage, and describe considerations in using each. As part of the union negotiations, Mission's employees have requested the following changes: Elimination of the $100 deductible on Type II/III services An increase in Type I/II/III coinsurance levels to 100%/80%/70% . A new orthodontic benefit, with coverage at 60% In return, the union has conceded to make the plan contributory, with employees covering 30% of expected claims and expenses in the form of payroll deductions. (c) (2 points) Evaluate both the favorable and unfavorable impacts the proposed changes would have on Mission's costs. (d) (2 points) Recommend next steps to enable Mission to make a counterproposal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Relations

Authors: Tom Kelleher

1st Edition

0190201479, 9780190201470

More Books

Students also viewed these Economics questions

Question

What does this look like?

Answered: 1 week ago