Asymmetric Information and Health Insurance

Title:
Asymmetric Information and Health Insurance
Description:

In this video, we discuss asymmetric information, adverse selection, and propitious selection in relation to the market for health insurance. Health insurance consumers come in a range of health, but to insurance companies, everyone has the same average health. Consumer have more information about their health than do insurers. How does this affect the price of health insurance? Why would some consumers prefer to not buy health insurance at all? And how does this all relate to the Affordable Care Act? Let’s dive in.

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Video Language:
English
Team:
Marginal Revolution University
Project:
Micro
Duration:
07:31
Format: Youtube Primary Original Synced
This video is part of the Marginal Revolution University team.

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