What percentage increase did Wellcare's 2022 product expansion represent from 2021?

What percentage increase did Wellcare's 2022 product expansion represent from 2021?

• A. 10%
• B. 5%
• C. 8%
• D. 12%

Answer: (C)

The percentage increase that Wellcare's 2022 product expansion represented from 2021 is calculated by comparing the number of products offered in 2021 to the number of products offered in 2022. This calculation helps to illustrate the company's growth and commitment to expanding its services and offerings. The answer of 8% signifies a substantial growth in the number of products available to consumers, highlighting Wellcare's efforts to meet the increasing demands of the market and to cater to a wider demographic of potential members. A significant expansion like this could also reflect a strategic response to competitive pressures or a proactive approach to community health needs, enriching Wellcare's portfolio. The other percentages do not accurately reflect the calculated growth from the previous year. Understanding the actual percentage increase is essential for grasping how Wellcare is evolving and adapting to the health insurance landscape, and it shows the potential impact on members in terms of choices and coverage options.

The percentage increase that Wellcare's 2022 product expansion represented from 2021 is calculated by comparing the number of products offered in 2021 to the number of products offered in 2022. This calculation helps to illustrate the company's growth and commitment to expanding its services and offerings.

The answer of 8% signifies a substantial growth in the number of products available to consumers, highlighting Wellcare's efforts to meet the increasing demands of the market and to cater to a wider demographic of potential members. A significant expansion like this could also reflect a strategic response to competitive pressures or a proactive approach to community health needs, enriching Wellcare's portfolio.

The other percentages do not accurately reflect the calculated growth from the previous year. Understanding the actual percentage increase is essential for grasping how Wellcare is evolving and adapting to the health insurance landscape, and it shows the potential impact on members in terms of choices and coverage options.