Examlex
Select the meaning of the underlined word in the sentence.
At the last minute, the capricious patient did not show up for their scheduled rehabilitation appointment.
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.
Screening
The process of evaluating or analyzing something for a specific purpose or quality.
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