Adverse selection: does it preclude a competitive health insurance market?

@article{Sloan1992AdverseSD,
  title={Adverse selection: does it preclude a competitive health insurance market?},
  author={Frank Allen Sloan},
  journal={Journal of health economics},
  year={1992},
  volume={11 3},
  pages={353-6}
}
In sum, although fixed dollar subsidies have the great virtue of ferreting out cross subsidies, society may not be satisfied with the results. The scenario described by Marquis is only one of many. People seem to want lifetime insurance offering low premiums if things go bad rather than premiums that change annually as health outcomes are realized [see, e.g… CONTINUE READING