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A solar eclipse occurs only when the Moon is new.
Long-term Care Insurance
Insurance coverage designed to cover the costs of long-term care services, including both medical and non-medical needs for people with a chronic illness or disability.
Health Insurance Market
A market that deals with the selling and buying of health insurance policies, facilitating coverage for medical expenses.
Adverse Selection
A situation in which one party in a transaction possesses information that the other party does not, leading to an imbalance in the transaction that can result in market inefficiency.
Asymmetric Information
A situation in which one party in a transaction has more or superior information compared to another. This can lead to an imbalance in power and potentially unfair transactions.
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