Return to Video

Asymmetric Information and Health Insurance

No subtitles available.
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.

Microeconomics Course: http://mruniversity.com/courses/principles-economics-microeconomics

Ask a question about the video: http://www.mruniversity.com/courses/principles-economics-microeconomics/lemons-problem-asymmetric-information-health-insurance#QandA

Next video: http://www.mruniversity.com/courses/principles-economics-microeconomics/moral-hazard-adverse-selection

more » « less
Video Language:
English
Team:
Marginal Revolution University
Project:
Micro
Duration:
07:31
There has been no activity on this language so far.

Slovak subtitles

No revisions available.