Examlex
The ability of the brain to change in response to experience is called ________.
Health Care Expenditures
The total amount of money spent by individuals, insurance companies, and governments on health care services and products.
Adverse Selection
A situation in which asymmetrical information leads to high-risk parties being more likely to participate in agreements, such as insurance, than low-risk parties.
Health Insurance Company
An organization that provides coverage for medical expenses in exchange for premium payments.
Minimize Adverse Selection
A strategy to reduce the likelihood of selecting undesirable alternatives or participants, often used in insurance and finance to prevent situations where the insurer or lender has less information than the applicant.
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