What is the central concept of 'skin in the game' as described in the context of insurance?

"Sharing the financial burden between the insurer and the insured" "Maximizing profits for insurance companies" "Encouraging customers to buy cheaper insurance plans" "Shifting all financial responsibility to the insured"

Why do insurance companies implement co-payment clauses in their policies?

"To encourage policyholders to be more cost-conscious about their healthcare choices" "To increase the overall profitability of the insurance company" "To simplify the claims process for both the insurer and the insured" "To offer more affordable premium options to customers"

What is a potential drawback of agreeing to a co-payment clause in a health insurance policy?

"It can lead to significant out-of-pocket expenses during medical emergencies" "It may limit the choice of hospitals and doctors available to the insured" "It often results in higher premium costs in the long run" "It complicates the process of filing insurance claims"

How do room rent restrictions in health insurance policies impact policyholders?

"They limit the type of room a policyholder can choose, potentially affecting the quality of care" "They increase the overall cost of the insurance premium" "They make it difficult for policyholders to get admitted to hospitals of their choice" "They reduce the coverage for medical expenses unrelated to room rent"

What is the main point the author is trying to convey regarding co-payment and room rent restrictions in health insurance?

"These restrictions are always detrimental to the policyholder and should be avoided" "While seemingly cost-effective, these restrictions can lead to unexpected financial burdens and compromised care" "These restrictions are essential for maintaining the financial stability of insurance companies" "Policyholders should prioritize premium savings over comprehensive coverage"