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Why do people buy health insurance? What has been a major factor contributing to the growth in employer-based health insurance in the United States? Explain

  1. Why do people buy health insurance?
  2. What has been a major factor contributing to the growth in employer-based health insurance in the United States? Explain briefly
  3. A person with AIDS applies for health insurance but hides his health status from the insurance company.

a. What is the likely result for the insurance company

b. What is this behavior called?

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