TRUE/FALSE/UNCERTAIN: Support your answer with an explanation or a diagram

1) In contrast to social insurance, private insurance can provide perfect insurance because customers pay the full cost of expected insurance claims through the premiums

2) If moral hazard effects are large, then private insurance is preferable to social insurance.

3) Mandatory government-provided health insurance constitutes a Potential Pareto Improvement over the private market outcome.

4) Mandatory government-provided health insurance is a Pareto improvement over the private market outcome