Self-study exam question

A. According to economic efficiency, what kinds of risks should insurance policies cover? Why so? Why does the US private health insurance market fail to operate efficiently? Discuss in terms of supply side and demand side failures.
B. Discuss the Obama Health Care plan. What are its key features?
C. Liberals generally support the Obama reforms. Why so? What are their criticisms of the Obama reforms?
D. What is the Conservative perspective on the Obama reforms? What is their prescription for fixing the US health insurance system?

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