Medicare was created over the protests of doctors who ultimately materials in this section of the class, complete the form below. Ty however much you want to enter. Undergraduate students should blue cells below that. when com Heak Homework 2 What sort of market failure\" ' existed prior to 1965 which prevented the free market for health insurance, Blue Cross and Blue Shield, from satisfying the need for the elderiy to protect against the risk of catastrophic health events? Explain how this market failure, if uncorrected, would cause harm to individuals that couid be prevented if free markets worked (did not faii) What government agency or program exists to try to correct this market failure? What private sector, industry, or group of individuals would have a financial incentive to capture this government agency, or capture the process of creating the law, policy or rule that is supposed to correct the market failure? Describe any Hallmarks of Regulatory Capture \" that you see in this area of the health care system Name of sitting senator or house of representatives member who is also a health care worker (RN, PharmD, MD, OD, OD, etc). What State they are from, year elected, and any committees they are on. Name of a second sitting senator or house of representatives member who is also a health care worker (RN, PharmD, MD, OD, OD, etc). What State they are from, year eiected, and any committees they are on