B medicare beneficiaries will join the program only

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Chapter 17 / Exercise 55
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B. Medicare beneficiaries will join the program only when they require expensive drugs. C. Because the government subsidizes 75 percent of this benefit, too many Medicare beneficiaries will join the program. D. Medicare beneficiaries will attempt to enroll spouses who are not eligible for Medicare.
SHORT ESSAYS 1. What is pure premium? How is it calculated?
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Chapter 17 / Exercise 55
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2. Why does employer-purchased health insurance result in more comprehensive health insurance coverage? 3. What are the arguments in favor of eliminating (or placing a cap on) the tax- exempt status of employer-purchased health insurance? 4. What is adverse selection, and how do insurance companies protect themselves from it? If the government prohibited insurers from protecting themselves against adverse selection, how would it affect insurance premiums? 5. What is the difference between experience rating and community rating, and what are some consequences of using community rating?
characteristics often include age, gender, industry, geographic area, family composition, and group size.

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