Monday, February 2, 2015

Hayoung Lim, Chapter 5, Question #5

I find that the issues presented in this chapter are inspiring to those new to economics. The controversy comes into play though when there is the possibility that ones individual rights could be taken. The concept of personal mandates does fix the issue of adverse selection, wherein those who are most prone to sickness are placed into a high liability category making health insurance for those few more expensive as well as hard to obtain. But one must think about this with the overarching consideration of cost benefit analysis. The cost for improving upon the current situation with health care is to force those who do not wish to pay for health insurance to do so. Personally I believe that the benefit does out way the cost, in that it will encourage the fair treatment and well being of citizens. Though the question rises if the government has the right to have so much dominion over our individual actions.

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