Questions raised about private insurance

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Private Information and Insurance Rejections.

Across a wide set of non-group insurance markets, applicants are rejected based on observable, often high-risk, characteristics. This paper argues that private information, held by the potential applicant pool, explains rejections. I formulate this argument by developing and testing a model in which agents may have private information about their risk. I first derive a new no-trade result that ...

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ژورنال

عنوان ژورنال: Canadian Medical Association Journal

سال: 2005

ISSN: 0820-3946,1488-2329

DOI: 10.1503/cmaj.051026