Adverse selection is the process of making a decision without having all of the knowledge needed. It is a term commonly used in the insurance industry, when applicants withhold information from an ...

In an extreme case, the poor risks will be the only purchasers of coverage, and the insurer can expect to lose money on each policy sold. This situation, referred to as adverse selection, occurs when ...

Key Takeaways Adverse selection happens when sick people buy health insurance more than healthy people do.The Affordable Care Act prevents insurers from refusing to sell insurance to people with ...

Nina Owcharenko Schaefer is well known as a champion of patient choice and robust competition in America’s health insurance markets. In his State of the Union address, President Bush proposed a bold ...