Ask Question
Today, 08:04

Which of the following is a problem that arises in a health insurance market?

There exists a fierce competition between the insurance providers.

There are a large number of buyers of various insurance programs.

A disproportionate number of high-risk individuals are attracted to buy insurance.

Only risk-averse individuals buy insurance.

+5
Answers (1)
  1. Today, 08:27
    0
    Answer: The correct answer is "A disproportionate number of high-risk individuals are attracted to buy insurance.".

    Explanation: A disproportionate number of high-risk individuals are attracted to buy insurance is a problem that arises in a health insurance market. Due to the greater risk, many insurers choose not to allow these individuals to hire these policies, and those that do offer these products do so with a higher premium than others.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is a problem that arises in a health insurance market? There exists a fierce competition between the insurance ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers