In a paragraph format:
Problem 1. Please identify and describe in detail the steps involved in the political process
a. Each step has its own specific characteristics, provide examples of each.
Problem 2. Please explain the concept of actuarial fairness and present an argument in support of that position
Problem 3. Please explain the concept of solidarity principle and present an argument in support of that position
Problem 4. Discuss how the concept of actuarial fairness has historically been put into practice
Problem 5. What is the logic behind the market?
Problem 6. What is Welfare loss?
Problem 7. Discuss the assumptions of the ideal market and how they relate to the healthcare market
Problem 8. Identify and explain the two basic theories of motivation for regulation
Problem 9. Identify and describe the ways in which government can intervene in an imperfect market
Problem 10. Please identify and describe the two fundamental policy positions when making decisions in an imperfect market. Compare and contrast positions.