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A month ago
One consequence of imperfect information in the health insurance market is that:

▸ unhealthy individuals are denied health insurance.

▸ less healthy individuals are more likely to buy insurance, driving up the cost of insurance for everyone.

▸ health insurance increases the demand for health care and so increases the price of health care.

▸ the most healthy individuals are more likely to buy insurance, leaving the least healthy without access to health care.
Textbook 

Microeconomics: Principles, Applications, and Tools


Edition: 8th
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Posts: 229
A month ago
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less healthy individuals are more likely to buy insurance, driving up the cost of insurance for everyone.
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