How does it affect the demand for health insurance

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In a minimum of 250 words, describe the concept known as adverse selection? Explain how does its existence affect the market for health insurance? List and describe a few examples of insurance companies protect themselves from adverse selection? For the second half of Week Five (5) discussion, explain moral hazard and how does it affect the demand for health insurance? What approaches do insurance companies use to control its existence? Once your material is posted, be sure to review and comment on the materials that at least two of your peers have located. Once your material is posted, be sure to review and comment on at least two of your peers postings. Your initial post to the given topic of discussion should contain a minimum of 2–3 peer-reviewed references.

Reference no: EM132177935

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