5/17/25, 4:21 PM CEBS GBA 2 ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADED 100…
Scheduled maintenance: May 18, 2025 from 07:00 AM to 08:00 AM
CEBS GBA 2 ACTUAL EXAM QUESTIONS WITH
COMPLETE SOLUTION GUIDE) (MULTIPLE
CHOICES) (A+ GRADED 100% VERIFIED) LATEST
VERSION 2025
Save
Terms in this set (344)
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,5/17/25, 4:21 PM CEBS GBA 2 ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADED 100…
Which of the following Which of the following are distinguishing
are distinguishing characterstics that make health care unique?
characterstics that make a) Often only a few providers of a particular service
health care unique? exist in a given area.
a) Often only a few b) It is easy to judge the quality and cost of
providers of a particular competing services with new tools that facilitate
service exist in a given comparison.
area. c) The decision about which services to purchase is
b) It is easy to judge the usually made by a physician or other clinician.
quality and cost of d) Full payment to the provider is made by the
competing services with consumer rather than a health care insurer.
new tools that facilitate e) 3rd-party health insurance for most individuals is
comparison. paid for or subsidized by employers or government
c) The decision about agencies, insulating patients from health care costs.
which services to f) all of the above
purchase is usually made g) a and b only
by a physician or other h) a, c, and e
clinician. i) a, b, c, and d, but not e
d) Full payment to the
provider is made by the
consumer rather than a
health care insurer.
e) 3rd-party health
insurance for most
individuals is paid for or
subsidized by employers
or government agencies,
insulating patients from
health care costs.
f) all of the above
g) a and b only
h) a, c, and e
i) a, b, c, and d, but not e
1) Pooling of losses
What are the 4 distinct
2) Payment only for random losses
characteristics of
3) Risk transfer
insurance?
4) Indemnification
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,5/17/25, 4:21 PM CEBS GBA 2 ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADED 100…
According to the law of 1) The sharing of losses by the entire group
numbers, pooling implies 2) The prediction of future losses with some
what 2 things? accuracy.
A __________ loss is one that random
is unforseen and
unexpected and occurs
as a result of chance.
What is the sole self-insurance
exception to the element
of risk transfer, assuming
the risk itself rather than
an insurance company?
_____________________ restores indemnification
the individual to their
preexisting state had the
loss not occurred.
________________ occurs Adverse selection
because individuals and
businesses are more
likely to have claims, and
more inclined to
purchase insurance, than
those who are less likely
to have claims.
True or False: Adverse False: Adverse selection, if unchecked, will lead
selection, if unchecked, toward more sick individuals seeking insurance,
will lead toward more driving up insurance premiums, and then even fewer
healthy individuals healthy individuals will purchase, continuing the
seeking insurance and spiral of higher costs.
lowering premiums.
True or False: Adverse True
selection occurs when
individual buyers of
health insurance know
more about their health
status than do insurers.
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, 5/17/25, 4:21 PM CEBS GBA 2 ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADED 100…
_______________ is the problem Moral hazard
faced by insurers
because individuals are
more likely to use
unneeded health services
when they are not paying
the full cost of those
services.
What is the primary tool Coinsurancce (%) and copayments ($)
that insurers have to
combat the moral hazard
problem?
What is the generic term third-party payer
for any outside party,
typically an insurance
company or a a
government program,
which pays for part or all
of a patient's health care
services?
What are the two broad 1) Private insurers
categories of health 2) Public programs / insurers
insurers?
1) Blue Cross Blue Shield
What are the 3 major
2) Commercial insurers
private insurers?
3) Self-insurers
_________________ Plans a) Blue Cross
originated as a number of
separate insurance
programs offered by
individual hospitals.
a) Blue Cross
b) Red Cross
c) Blue Shield
d) Red Shield
e) Humana
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Scheduled maintenance: May 18, 2025 from 07:00 AM to 08:00 AM
CEBS GBA 2 ACTUAL EXAM QUESTIONS WITH
COMPLETE SOLUTION GUIDE) (MULTIPLE
CHOICES) (A+ GRADED 100% VERIFIED) LATEST
VERSION 2025
Save
Terms in this set (344)
https://quizlet.com/1045085661/cebs-gba-2-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified-latest-… 1/117
,5/17/25, 4:21 PM CEBS GBA 2 ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADED 100…
Which of the following Which of the following are distinguishing
are distinguishing characterstics that make health care unique?
characterstics that make a) Often only a few providers of a particular service
health care unique? exist in a given area.
a) Often only a few b) It is easy to judge the quality and cost of
providers of a particular competing services with new tools that facilitate
service exist in a given comparison.
area. c) The decision about which services to purchase is
b) It is easy to judge the usually made by a physician or other clinician.
quality and cost of d) Full payment to the provider is made by the
competing services with consumer rather than a health care insurer.
new tools that facilitate e) 3rd-party health insurance for most individuals is
comparison. paid for or subsidized by employers or government
c) The decision about agencies, insulating patients from health care costs.
which services to f) all of the above
purchase is usually made g) a and b only
by a physician or other h) a, c, and e
clinician. i) a, b, c, and d, but not e
d) Full payment to the
provider is made by the
consumer rather than a
health care insurer.
e) 3rd-party health
insurance for most
individuals is paid for or
subsidized by employers
or government agencies,
insulating patients from
health care costs.
f) all of the above
g) a and b only
h) a, c, and e
i) a, b, c, and d, but not e
1) Pooling of losses
What are the 4 distinct
2) Payment only for random losses
characteristics of
3) Risk transfer
insurance?
4) Indemnification
https://quizlet.com/1045085661/cebs-gba-2-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified-latest-… 2/117
,5/17/25, 4:21 PM CEBS GBA 2 ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADED 100…
According to the law of 1) The sharing of losses by the entire group
numbers, pooling implies 2) The prediction of future losses with some
what 2 things? accuracy.
A __________ loss is one that random
is unforseen and
unexpected and occurs
as a result of chance.
What is the sole self-insurance
exception to the element
of risk transfer, assuming
the risk itself rather than
an insurance company?
_____________________ restores indemnification
the individual to their
preexisting state had the
loss not occurred.
________________ occurs Adverse selection
because individuals and
businesses are more
likely to have claims, and
more inclined to
purchase insurance, than
those who are less likely
to have claims.
True or False: Adverse False: Adverse selection, if unchecked, will lead
selection, if unchecked, toward more sick individuals seeking insurance,
will lead toward more driving up insurance premiums, and then even fewer
healthy individuals healthy individuals will purchase, continuing the
seeking insurance and spiral of higher costs.
lowering premiums.
True or False: Adverse True
selection occurs when
individual buyers of
health insurance know
more about their health
status than do insurers.
https://quizlet.com/1045085661/cebs-gba-2-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified-latest-… 3/117
, 5/17/25, 4:21 PM CEBS GBA 2 ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) (A+ GRADED 100…
_______________ is the problem Moral hazard
faced by insurers
because individuals are
more likely to use
unneeded health services
when they are not paying
the full cost of those
services.
What is the primary tool Coinsurancce (%) and copayments ($)
that insurers have to
combat the moral hazard
problem?
What is the generic term third-party payer
for any outside party,
typically an insurance
company or a a
government program,
which pays for part or all
of a patient's health care
services?
What are the two broad 1) Private insurers
categories of health 2) Public programs / insurers
insurers?
1) Blue Cross Blue Shield
What are the 3 major
2) Commercial insurers
private insurers?
3) Self-insurers
_________________ Plans a) Blue Cross
originated as a number of
separate insurance
programs offered by
individual hospitals.
a) Blue Cross
b) Red Cross
c) Blue Shield
d) Red Shield
e) Humana
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