Determine what happens in the first four years if there is a $750 penalty for not...

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Determine what happens in the first four years if there is a $750 penalty for not carrying insurance. Fill in the table below and write one or two sentences about how and why the outcome is different than the outcome in parts A through D. Assume that nothing else changes, except that now the population decides whether to continue purchasing insurance based not only on their anticipated health claims, but also the penalty they will pay if they do not purchase insurance. Premium Yr. 1 $600 Yr. 2 $1050 Yr. 3 $1200 Yr. 4 $1350 Threshold for buying insurance Total number who have dropped insurance Total Number Remaining Determine what happens in the first four years if there is a $750 penalty for not carrying insurance. Fill in the table below and write one or two sentences about how and why the outcome is different than the outcome in parts A through D. Assume that nothing else changes, except that now the population decides whether to continue purchasing insurance based not only on their anticipated health claims, but also the penalty they will pay if they do not purchase insurance. Premium Yr. 1 $600 Yr. 2 $1050 Yr. 3 $1200 Yr. 4 $1350 Threshold for buying insurance Total number who have dropped insurance Total Number Remaining

Answer rating: 100% (QA)

To provide a comprehensive response I need additional information such as the premium for Year 4 and ... View the full answer