Which of the following parties is likely to have the most information about the health of an individual who is trying to purchase a health insurance policy?

Question

Quizplus · Accepted Answer

The individual who is applying for the health insurance policy is likely to have the most information about their own health, such as their medical history, current health status, and any pre-existing conditions. The insurance company may have access to some medical records or ask for a medical exam, but the individual is likely to have the most comprehensive information about their own health. The employer may have some information if they provide health insurance benefits or if the individual has disclosed their health condition to the employer, but they are not likely to have as much information as the individual themselves. Option D is incorrect because it assumes that all parties in the health insurance market have the same level of information, which is not the case.

Which of the Following Parties Is Likely to Have the Most