Which of the following should help reduce the adverse selection problem?
A) the employer mandate provision of the Affordable Care Act
B) the individual mandate provision of the Affordable Care Act
C) keeping high-risk and low-risk individuals in the same health insurance pool
D) all of the above
D
Economics
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A mugger steals $25 from John Doe. What can an economist conclude?
A) Nobody gained in the "exchange." B) Both parties gained in the "exchange." C) Only the mugger's wealth has increased. D) Nothing, because economists study strictly voluntary exchanges.
Economics
Which of the following is least likely to issue commercial paper?
A) General Motors Acceptance Corporation B) A large bank holding company C) General Electric D) The U.S. Treasury
Economics