Please answer fast please arjent help Which of the following can be used as a method for reducing the problems of moral hazard and/or adverse selection?O Allowing retroactive enrollment.Providing insurance programs with low deductibles.Providing insurance programs with low copayments.O Requiring everyone to purchase health insurance.

Moral hazard or adverse selection are caused by the asymmetric information.

Which of the following can be used as a method for reducing the problems of moral hazard and/or adverse selection? Allowing retroactive enrollment. O Providing insurance programs with low deductibles. Providing insurance programs with low copayments. O Requiring everyone to purchase health insurance.

Which of the following can be used as a method for reducing the problems of moral hazard and/or adverse selection? Allowing retroactive enrollment. O Providing insurance programs with low deductibles. Providing insurance programs with low copayments. O Requiring everyone to purchase health insurance.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: The Basic Tools Of Finance

Section: Chapter Questions

Problem 5PA

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Similar questions

What is the opportunitiy cost of having health insurance? What is the opportunity cost of not having health insurance?
How can deductibles, copayments, and coinsurance reduce moral hazard?
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1. If the number of people with insurance increases, then what will most likely occur? a. a. a. a. a. The demand for health care will decrease. The demand for health care will increase. The demand for health care will be unaffected. There will be less preventive care. The amount of preventive care will be unaffected. 2.Requiring patients to pay a portion of the cost of the medical care they receive is designed to reduce the severity of a. a. a. a. a. moral hazard. diminishing returns. adverse selection. the principal-agent problem. market failure.
Question 4 of 6. Which of the following individuals may qualify for a health savings account (HSA)? 0000 Ben and Vivian are covered by Medicare and a supplemental insurance policy. Dominique and Luca have health insurance through the Marketplace. Their deductible is $2,750. Deacon and Annie are covered by a plan through Deacon's work. Their deductible is $4,200. Victor is covered by Medicaid.
For each of the following kinds of insurance, give anexample of behavior that reflects moral hazard andanother example of behavior that reflects adverseselection.a. health insuranceb. car insurancec. life insurance
Suppose that there are 2 types of plans available to you. Plan A has a deductible of $500, with 10 percent co-insurance rate for many health care services. Plan B has a deductible fo $1000, with 35 percent co-insurance rate. Plan A costs $200 per month in premiums while Plan B costs $80. Discuss characteristics of people who would choose Plan A versus Plan B. Assuming that both plan types exist in the market, who would likely choose Plan B over Plan A? What plan would you choose?
28. Which of the following is a moral demand in an ethic of care?a. We should respond in a way that provides the most benefit to ourselves.b. We should respond positively to the needs and well-being of those who support our goals.c. We should respond in a way that furthers the goals of the majority.d. We should respond positively to the needs, values, and well-being of others.
2. A) Discuss health insurance contract? b)What schemes are applicable for routine medical check-up and diagnostic tests?
Jenny believes that the unwillingness to buy insurance by young healthy people creates a moral hazard problem for health insurance companies. Diego disagrees, and believes that their unwillingness to buy health insurance creates an adverse selection problem. Who is right? Explain.
How is the moral hazard problem relevant to the health care market?