6. Which is the best example of health care insurance in the sense of socializing risk? a. A dental insurance policy that pays for two check-ups a year but nothing else. b. A comprehensive health care policy that essentially pays for everything including check ups but is very expensive c. A health care policy that is relatively inexpensive but only pays for medical expenses after a $2,000 annual deductible is met.  After $2,000 the policy pays 100 percent for everything

Exploring Economics
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ISBN:9781544336329
Author:Robert L. Sexton
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Chapter8: Market Failure
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6. Which is the best example of health care insurance in the sense of socializing risk?
a. A dental insurance policy that pays for two check-ups a year but nothing else.
b. A comprehensive health care policy that essentially pays for everything including check ups but is very expensive
c. A health care policy that is relatively inexpensive but only pays for medical expenses after a $2,000 annual deductible is met.  After $2,000 the policy pays 100 percent for everything.

 

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