Analyze the concept of evidence of favorable selection on medical insurance coverage. Do you think this concept favors the insurance industry or healthcare consumers?
Answer:
Favorable selection on medical coverage occurs when a plan has
enrolee pool of people whose health care need and probability of
getting compromised are less than the anticipated when premium was
set.
So in this case above concept will favor the insurance industry
because they have charged more from the insurance holder than they
were exposed of getting compromised.
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