Question: Please Help! Evaluate the following claims as True, false or Uncertain. Provide explanation for the evaluation of two-three sentences. 1. If health insurance were not
Please Help!

Evaluate the following claims as True, false or Uncertain. Provide explanation for the evaluation of two-three sentences. 1. If health insurance were not actuarially fair, only relatively sick people would buy it. 2. One way to solve the problem of adverse selection in health insurance markets is for the government to mandate purchasing of insurance at the average price. 3. A social insurance program that provides full insurance is efficient. 4. Suppose a group of people with less severe disabilities stopped receiving monthly cash assistance when they turned 18; another group continued to receive that cash assistance. The group who lost the cash assistance at age 18 went on to earn more money than their counterparts who didn't lose benefits. TFU?: That is evidence of moral hazard in that cash assistance program. 5. Larger employers are more likely to provide health insurance than smaller employ- ers because people who work for larger employers value health insurance more. 6. In Figure 1, an insured, rational individual would choose point B. S of marginal health benefits Health effectiveness curve C 0.10 SO $1,000 $2,000 $5,000 $ of medical spending
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
