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18. “Insurance Is Sexy.” Discuss.

The Freakonomics Radio Book Club

CHAPTER

Why Selection Is So Important in Insurance Markets

Economist Amy Finklstein says health insurance is one of those topics that makes the average person's eyes just glaze over. She says economists call adverse selection, when your selection process gets overrun by exactly the people you don't want. The 2010 Affordable Care Act offered the canonical approach to addressing selection, she says.

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