Randy is 22 years old and healthy, so he decides not to purchase health insurance because it is so expensive. After Randy is diagnosed with a rare type of cancer, he takes advantage of the Affordable Care Act's elimination of pre-existing conditions exclusions and purchases health insurance. The insurance company pays for his cancer treatment. This is an example of underwriting O contract of adhesion morale hazard adverse selection moral hazard Randy is 22 years old and healthy, so he decides not to purchase health insurance because it is so expensive. After Randy is diagnosed with a rare type of cancer, he takes advantage of the Affordable Care Act's elimination of pre-existing conditions exclusions and purchases health insurance. The insurance company pays for his cancer treatment. This is an example of underwriting contract of adhesion morale hazard O adverse selection moral hazard