[Answer] asymmetric information in the health insurance market causes prices to ____ and the mix of insured customers to become ____ healthy on average

Answer: rise; less

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asymmetric information in the health insurance market causes prices to ____ and the mix of insured customers to become ____ healthy on average asymmetric information in the health insurance market causes prices to ____ and the mix of insured customers to become ____ healthy on average rise; less the price at which a consumer is indifferent about additional search for a lower price is a Tue Apr 07 2020 · The Economic Advantages of Asymmetric Information . Asymmetric information isn't necessarily a bad thing. In fact growing asymmetrical information is the desired outcome of a healthy market ... An insurance company assumes a 50-50 mix of low- and high-cost customers and prices accordingly. If it turns out there are more than 50% high-cost customers the company's average cost will Exceed its estimate and the company's profit will decrease. Asymmetric Information Asymmetric Information Asymmetric Information Exam 4 Flashcards | Quizlet Sun Sep 24 2017 · when information is asymmetric prices ... Higher premiums distort the health insurance market for healthy consumers and many exit. In these ways information asymmetry contributes to the health system’s high absolute costs high administrative costs its large uninsured population and the inability of many people to afford needed care ... Health insurance and health care markets contain a lot of asymmetric information . To better understand problems in health insurance markets let's assume the following: There are only two types of pe...

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