Consider three possible health insurance programs with the following characteristics:
Program A: Participation in the program is voluntary and the policy premium charged varies with an individual’s health status, with those in relatively better health paying less.
Program B: Participation in the program is voluntary and the policy premium is the same for everyone, based on the nation’s average cost of health care per person
Program C: Participation in the program is mandatory and the policy premium is the same for everyone, based on the nation’s average cost of health care per person
Which of the three programs is least likely to be viable? Explain your answer.