Question

Evaluate the social-cultural issues that are influencing adverse selection in insurance markets. Propose some strategies for reducing adverse selection in health insurance within these markets. Develop a microeconomic model that is responsive to your local service demands. Communicate how these issues are relevant to the economics of the greater U.S. health care system. What are the future implications with the Affordable Care Act?

Answer 1

'd say that today the biggest challenge for health scientists is to see health as a global public good which has nowadays become a corporate product. as we all see, food and drug industries are practically creating new diseases. frequent and longer periods of sickness translates into a better fortune for pharmaceutical companies which looks good for the economy and also enables them to get a stronghold of the healthcare system. on the other hand, people's illness, in which they thrive, compromises national productivity and has many other social costs. In many countries food/drug companies are rich enough to bribe the poor governments to conceal the negative results and are patching up by funding researches, establishing healthcare centers, distributing free samples among the poor, which makes the contribution and importance of social scientists appear less perceptible. Quite evidently, in a globalized society where the interest of the few dominates that of the many, public health stands at a very precarious situation and finding a way to treat the underlying causes instead of the disease has become a crucial challenge health researcher. to conclude, I'd say that the reform in healthcare must include reform in the way we view public health and controlling the unhealthy forces that are shaping the way we eat and fall ill. Opportunism in health care is especially perceptible in the health insurance markets. Consider the area in which you live, specifically your state and local communities. Evaluate the social-cultural issues that are influencing adverse selection in insurance markets. Propose some strategies for reducing adverse selection in health insurance within these markets. Develop a microeconomic model that is responsive to your local service demands.