Adverse selection is the process of making a decision without having all of the knowledge needed. It is a term commonly used in the insurance industry, when applicants withhold information from an ...

Nina Owcharenko Schaefer is well known as a champion of patient choice and robust competition in America’s health insurance markets. In his State of the Union address, President Bush proposed a bold ...

Adverse selection, a concept economists devised to explain insurance market failures, might seem far removed from the grand chessboard of geopolitics. Yet at its core lies a simple and unsettling ...