How do insurance companies minimize its impact on premiums

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Reference no: EM131095177

Disussions 1

Rules: Please include references and make sure the internet addresses are embedded as a hyperlink. Please don't make it super lengthy or wordy.

Find a small set of data (10 or less) and calculate the mean and standard deviation. Perform this calculation "by hand" and also using EXCEL and compare your results. Be sure your answers are the same. See my posted response and EXCEL file for an example. You can look at the equations in each of cells to see how the results were obtained. On the recent homework (week #2) there were many of you that incorrectly calculated the standard deviation. This is your week to "get it right" so you are prepared for future assignments and the next test.

Discussion 2

Please respond to one of the following and to two of your peers with substantial and supported commentary that perpetuates additional learning in the classroom.

1. What is adverse selection? How do insurance companies minimize its impact on premiums? Can adverse selection be a reversible principle in favor of the consumer?

2. Based on this week's readings "Consumer Demand for Health Insurance," you learned about price sensitivity. Based on your research how price sensitive are US consumers? Select a geographic location / health care facility (name the organization) and determine what present factors would influence price sensitivity or insensitivity of consumers in the market.

Reference no: EM131095177

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