Quotulatiousness

September 15, 2016

Asymmetric Information and Health Insurance

Filed under: Economics, Health — Tags: , , , — Nicholas @ 02:00

Published on 23 Sep 2015

In this video, we discuss asymmetric information, adverse selection, and propitious selection in relation to the market for health insurance. Health insurance consumers come in a range of health, but to insurance companies, everyone has the same average health. Consumers have more information about their health than do insurers. How does this affect the price of health insurance? Why would some consumers prefer to not buy health insurance at all? And how does this all relate to the Affordable Care Act? Let’s dive in.

Related posts:

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  2. Asymmetric Information and Used Cars
  3. Misunderstanding the purpose of health insurance
  4. Information and Incentives
  5. QotD: It’s not insurance, it’s welfare

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