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Analyze the concept of evidence of favorable selection on medical insurance coverage. Do you think this...

Analyze the concept of evidence of favorable selection on medical insurance coverage. Do you think this concept favors the insurance industry or healthcare consumers?

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Answer #1

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.

(plz give me a thums up...if my answer helped you and if any suggestion plz comment, Yr thums up boost me)

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