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How would the law affect the demand for health insurance

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Reference no: EM131871479

Problem

Health economists use demand and supply theory to discuss the "Health Insurance Exchange" created by the Affordable Care Act (Obamacare). Mandated by law everyone now must have health insurance.

Discuss the following:

1. How would the law affect the demand for health insurance? Why?

2. How would the law affect the average price of health insurance? Why?

3. How would the law affect the supply for health insurance? Why?

Reference no: EM131871479

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