Define Medicare and Medicaid, two of the U.S.’s public health care systems, and explain their difference.
In the Michael Moore documentary we saw, “Sicko,” a Blue Cross/Blue Shield call center operator told many enrollees they would be denied health insurance, and a Medical Reviewer for Cigna Insurance Company was encouraged to deny medical claims to enrollees. Name one microeconomic theory we’ve studied in this course that could provide an explanation for this behavior by health insurance companies and give your reason(s) for choosing this theory.