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

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

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: 8^th

Authors: O'Sullivan, Sheffrin, Perez

Read 84 times

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