Insurance Market Failure

[Name of InstitutionInsurance Market Failure

Introduction

Insurance market has been declining since the past few years. This is the reason the health care of people has also been deteriorating. The main reason behind this decline is that the health of people is not being insured properly due to which people are facing problems. With the problems on the rise, the state has passed a new law, 2010 Affordable Care Act. This new law has a vital aspect of Medical Loss Ratios. This ratio ensures that the insurance market does not fail anymore. The insurers are now accountable which helps in improving ...