1.1. If you are enrolled in a four-year degree program, it is likely that you are required to enroll in a health insurance program run by your school.

a. Explain how you and your parents benefit from this health insurance program even though, given your age, it is unlikely that you will need expensive medical treatment.

b. Explain how your school’s health insurance program avoids the adverse selection death spiral by requiring all students to join and pay premiums.