Examlex
The slope of the line shown in the above figure is
Uncertainty
The state of having limited knowledge where it is impossible to exactly describe existing states, outcomes, or future events.
Individual Mandate
A requirement for individuals to have health insurance or pay a penalty, originally a key provision of the Affordable Care Act.
Affordable Care Act
The Affordable Care Act, also known as Obamacare, is a law enacted to increase health insurance quality and affordability, and lower the uninsured rate by expanding public and private insurance coverage.
Adverse Selection
A situation where sellers have information that buyers do not have, or vice versa, leading to an unbalanced and inefficient market.
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