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Health and Life Insurance

Category - HMOs

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Which of the following is true about HMOs?

HMOs are not-for-profit
HMOs are for-profit
HMOs can be either not-for-profit or for-profit
HMOs are government programs and do not fall into either of these categories

Explanation

Answer: C - HMOs can be either not-for-profit or for-profit entities. Frequently HMOs are producers’ cooperatives meaning they are owned and operated by a group of physicians. These are for-profit HMOs. Not-for-profit HMOs are considered consumers’ cooperatives and the doctors are salaried employees of the HMO.

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