Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Value Based Cost Sharing and Moral Hazard Theory: Medical Effectiveness in Insurance Benefits Design
National Bureau of Economic Research [NBER] Apr. 24, 2007
Excerpt: The conventional theory of optimal coinsurance rates in health insurance in the presence of moral hazard indicates that, in situations of equal risk characteristics, coinsurance should vary if the price-responsiveness or price-elasticity of demand for different medical services varies, and should be larger for the more price responsive services. An alternative theory called 'value-based cost sharing' indicates that coinsurance should be lower for services[.]
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