If the government subsidizes the health insurance costs of individuals because individuals do not sufficiently realize the importance of having health insurance, which of the following justifications for government intervention is being used?

Question

Quizplus · Accepted Answer

This scenario is an example of government intervention justified by ignorance, where individuals do not fully understand the benefits or importance of having health insurance, leading the government to step in to encourage or support its acquisition.

If the Government Subsidizes the Health Insurance Costs of Individuals