Why do private markets not provide adequate amounts of medical insurance for everyone
A)Only low-risk people will buy insurance.
B)High-risk people will not buy insurance because the premium is too high.
C)People in average health will buy insurance due to the low cost.
D)Higher risk people will buy insurance but not the lower risk people.

Question

Quizplus · Accepted Answer

Private markets often face adverse selection, where higher-risk individuals are more likely to purchase insurance, leading to higher premiums and potentially excluding lower-risk individuals.

Why Do Private Markets Not Provide Adequate Amounts of Medical