Long Term Care Certification Practice Test

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Prepare for your Long Term Care Certification Test. Study with flashcards and multiple choice questions, complete with hints and explanations for every question. Get ready to excel in your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What was the primary purpose of establishing the Medical Information Bureau?

To facilitate faster service for insurers
To protect insured individuals from discrimination
To safeguard insurance companies from high-risk selections
To consolidate medical records for public access

The correct answer is: To safeguard insurance companies from high-risk selections

The primary purpose of establishing the Medical Information Bureau (MIB) is to safeguard insurance companies from high-risk selections. The MIB collects and maintains data on individuals' medical histories and conditions to help insurers assess risk when underwriting policies. By providing access to this consolidated information, insurance companies can make informed decisions about issuing coverage and setting premiums, thereby avoiding potential financial losses associated with insuring high-risk individuals without adequate knowledge of their medical backgrounds. This mechanism promotes a more balanced risk assessment environment in the insurance market, ultimately protecting the financial viability of insurers.