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please answer An insurance company has identified the following risk groups and their expected costs for health insurance. How should you price insurance if you

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An insurance company has identified the following risk groups and their expected costs for health insurance. How should you price insurance if you can discriminate? What the price of insurance if you cannot discriminate? Why does the Australian Government explicitly outlaw discrimination in health insurance markets? Group Cost of Claims Probability of filing Claim Smokers $500 50% Non-smokers $400 10%

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