PH1 (DB2) Principles of Microeconomics

PH1 (DB2) Principles of Microeconomics

Phase 1 (DB2) Principles of Microeconomics Instructions

Write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

Health economists use demand and supply theory to discuss the “Health Insurance Exchange” created by the Affordable Care Act (Obamacare). Mandated by law everyone now must have health insurance.

Discuss the following:

How would the law affect the demand for health insurance? Why?
How would the law affect the average price of health insurance? Why?
How would the law affect the supply for health insurance? Why?