Assignment
In a minimum of 300 words, describe the concept known as adverse selection? Explain how does its existence affect the market for health insurance? List and describe a few examples of insurance companies protect themselves from adverse selection? Explain moral hazard and how does it affect the demand for health insurance? What approaches do insurance companies use to control its existence? a minimum of 2-3 peer-reviewed references.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.