Why is health insurance necessary

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Reference no: EM131645722

1. Why is health insurance necessary? Explain how adverse selection and moral hazard are different, and give an example of each.

2. What changes has the Pepsi company made? What prompted these changes? What happens to employees if they resist the changes?

3. Why is the idea that value depends on consumers’ preferences radical? Explain how the healthcare industry functions as an economic system.

Reference no: EM131645722

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