Healthcare market failures, such as adverse selection, can be addressed through government policy and regulation. By limiting barriers and providing access to healthcare through policy such as the health insurance expansion under the Affordable Care Act, policy makers can address failures and ensure adequate insurance coverage for healthy, unhealthy, and at-risk populations.
What I need:
Analyze the rationale for health insurance expansion. Include how health insurance expansion relates to the problem of adverse selection. Evaluate economic implications of health insurance expansion in the United States. Include, specifically, how health insurance expansions might impact healthcare organizations in your own state or region.
Adverse selection can be defined as strategic behavior by the more informed partner in a contract against the interest of the less informed partner(s). In the health insurance field, this manifests itself through healthy people choosing managed care and less healthy people choosing more generous plans.
4 -6 pages