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Describe an example of adverse selection that we may run into in the real world. How does adverse selection impact the policy holders for this

Describe an example of adverse selection that we may run into in the real world.
How does adverse selection impact the policy holders for this specific type of insurance for:
1. High risk participants?
2. Low risk participants?
What is one government regulation that has been enacted in the last 20 years that helps either high risk or low risk policy holders in the United States?

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