Indicate whether the statement is true or false, and justify your answer.Under the typical assumptions of the Rothschild–Stiglitz model, there is nothing that an insurance company can do to distinguish between robust and frail customers.

Indicate whether the statement is true or false, and justify your answer.When insurance is fair, in a sense, it is also free.

Indicate whether each statement is true or false, and justify your answer.There are no out-of-pocket costs (i.e. coinsurance, copayments, premiums, deductibles, etc.) for patients being treated by health providers in the UK, at least for most types of care.

Which of the following is NOT predicted by the asymmetric information models? Pooling between different risk types cannot survive in the long run. There will be a positive correlation between riskiness and insurance coverage. Insurers will use bulk markup in their pricing strategies. Insurers will use bulk discount in their pricing strategies.