Health Insurance and the Labor Marketâ€ Please respond to the following:
- Analyze the implications of adverse selection in insurance markets that contain information asymmetry and community ratings. Justify your response.
- Analyze the primary ways in which analysts may use a model of the labor market to explain wage and employment figures for healthcare workers. Propose the main ways in which health status affects workers’ compensation overall. Provide at least one (1) example the model in use to support your response.