Insurance regulations like community rating and guaranteed

Question

True or false with explanation

1. A system that allocates health "efficiently" implicitly places more value on the healthcare services delivered to wealthier persons than to poorer ones.
2. The AFP for a health plan covering 70% of all medical costs will be exactly 30% lower than for a health plan covering 100% of all medical costs.
3. Insurance regulations like "community rating" and "guaranteed issue" have the effect of worsening the adverse selection problem.
4. Insurance coverage causes patients to consume more medical care, but doesn't have much effect on market prices.
5. Managed care plans are less attractive to consumers than traditional health plans because, unlike traditional insurance, managed care organizations try to "manage" utilization to reduce high-cost/low-value treatments.