r D Q a Page 2 of5 v 100% Is this document missing answers? Crop or click to get answers and explanations from our expert tutors 2. The National Health Service (NI-IS) is a publicly funded health system that is comprehensive, universal, and free to all residents of the United Kingdom. In the United States, there is a mix of public and private insurance, but the uninsurance rate as of 2019 was 92% In which country would you expect there to be a higher degree of moral hazard and whyi - A tutor is crafting your explanation, it will be ready shortly. View Question Details IZ' 3, Mr. Smithers faces health costs in the current year of either $2,000 with probability 09 or $12,000 with probability 0.1. He has the option to purchase full insurance for $4,000, Is this premium actuarially fair, unfair, or favorable to Mr. Smithers? Explain your answer. 4. Suppose Matt obtains an insurance policy that has a $700 annual deductible, a 10% coinsurance rate, and an out-of-pncket maximum of $3,500 If Matt's insurer is billed a total of $4,000 in annual health costs for the year, how much will Matt be required to pay out of pocket? 5' Mathematically show that an insurance contract that preserves an individual's expected income (ie, their expected income with insurance equals their expected income without insurance) must generate o prots for the rm that offers such a contract