In 2006 medicare recipients were permitted to sign up for a, Microeconomics

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In 2006 medicare recipients were permitted to sign up for a

Question: In 2006 Medicare recipients were permitted to sign up for a federally subsidized drug benefit plan. The sign-up phase had a May 15th deadline, and those signing up after that date faced a premium penalty. Does this deadline have anything to do with adverse selection? Explain.

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