Analysts cite figures on the number of uninsured in the U.S.as low as 10 million and as high as 60 million.Which of the following is a true statement?
A) The uninsured are all free riders.
B) Most of the uninsured have health problems and are not able to get private health insurance.
C) Most of the uninsured have some labor-force connection-either working or a dependent of someone who is working.
D) The lack of health insurance means that the individual has virtually no access to medical care.
E) Once you lose your health insurance it is extremely difficult to get reinsured.
Correct Answer:
Verified
Q1: Premiums based on experience ratings
A)are uniform across
Q2: Insurance works best in situations where there
Q3: People buy insurance
A)because they are risk averse.
B)to
Q5: Moral hazard and adverse selection are both
Q6: A major factor contributing to the growth
Q7: Insurers try to minimize moral hazard by
A)only
Q8: Continuing from the question above, an additional
Q9: One result of asymmetric information in health
Q10: Early in U.S.history health insurance was provided
Q11: Many individuals without health insurance receive "free"
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