Adverse selection makes health insurance less affordable for

Name: Adverse selection makes health insurance less affordable for
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Adverse selection occurs when individuals with a higher risk of requiring healthcare (those in poor health) are more likely to purchase health insurance, leading to higher costs for insurers. These increased costs are then passed on to all policyholders, making insurance less affordable especially for those in good health, who might otherwise have lower healthcare costs.

Adverse Selection Makes Health Insurance Less Affordable for