If you are enrolled in a four-year degree program, it is likely that you are required to enroll in a health insurance program run by your school unless you can show proof of existing insurance coverage.

a. Explain how you and your parents benefit from this health insurance program even though, given your age, it is unlikely that you will need expensive medical treatment.

b. Explain how your school’s health insurance program avoids the problem of the adverse selection death spiral faced by private insurance.