Describe the problem of adverse selection when health, Business Economics

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Describe the problem of adverse selection when health

Describe the problem of adverse selection when health insurance is offered at a community rated premium? Define the term community rated premium as well. Is it possible to address the problem of adverse selection by increasing the premium level? Why? Describe two approaches that can be adopted by the insurance companies for reducing the severity of adverse selection problem.

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Business Economics: Describe the problem of adverse selection when health

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