Ask Question
10 November, 14:58

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.

+3
Answers (1)
  1. 10 November, 15:07
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers