Describe the problem of ldquoadverse selectionrdquo when, Ask an Expert

Economics

Describe the problem of “adverse selection” when health insurance is offered at a community rated premium? Define the term “community rated premium” as well. Is it possible to address the problem of adverse selection by increasing the premium level? Why? Describe two approaches that can be adopted by the insurance companies for reducing the severity of adverse selection problem.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91299375

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