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Who Should Bear the Cost? Socialized versus Market-Based Risk Management

Money For the Rest of Us

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Exploring Market-Based vs. Socialized Risk Management in Insurance

This chapter explores the contrasting strategies of market-based and socialized risk management in insurance, focusing on California's innovative premium-setting methods. It examines the broader implications of these approaches on accountability, fairness, and the societal role of risk sharing in systems like Medicare.

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