Answer to Question #92356 in Microeconomics for aberee

Question #92356
True/False: explain please
a. Health insurance exchanges in the U.S. eliminate moral hazard.

b. High deductible plans in the U.S. reduce adverse selection
1
Expert's answer
2019-08-08T11:07:55-0400

A. True (Moral hazard” refers to the additional health care that is purchased when persons become insured. This is the insurance)

B. False (A higher deductible reduces a plan's monthly premium payment but not adverse selection


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