Why exclusion reflect market failure in the insurance market

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Reference no: EM131192389

Many privately purchased health insurance plans have stringent "preexisting conditions" exclusions, which deny coverage to insured persons for any health conditions that were known at the time of enrollment.

Why does this exclusion reflect a market failure in the insurance market?

Reference no: EM131192389

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Why exclusion reflect market failure in the insurance market : Many privately purchased health insurance plans have stringent "preexisting conditions" exclusions, which deny coverage to insured persons for any health conditions that were known at the time of enrollment.- Why does this exclusion reflect a mark..

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