Question

In the basic Bismarck model

patients have freedom to choose which hospital to visit

patients do not have freedom to choose which insurance contract to take

doctors, investors do not have freedom to choose where to open a new clinic or hospital

all of the above

none of the above

Answer 1

A more decentralized form of healthcare, the Bismarck model was created near the end of the 19^th century by Otto von Bismarck. Employers and employees fund health insurance in this model – those who are employed have access to “sickness funds” created by compulsory payroll dedications. In addition, private insurance plans cover every employed person, regardless of pre-existing conditions.

In the basic Bismarck model, Insurance is regulated by the government for immediate payment of claims without challenge lowers administrative burden and the financial impact on patients.

Correct Ans - B