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In: Economics

Explain how the Market System in general and Insurance Markets in particular work and how they...

Explain how the Market System in general and Insurance Markets in particular work and how they fail to generate efficient and equitable outcomes in providing Health Care, Education, and Old-age Income Security for the people in the U.S. Critically evaluate the government programs that redistribute income (i.e. programs such as Social Security, Medicare, etc.) in an attempt to to protect people against the risk of living in abject poverty.

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