Social Norms as Market Regulation: The Case of Pre-PPACA Nongroup Health Insurance

The debate over pre-PPACA (Obamacare) nongroup health insurance has heated up again recently, particularly on the issue of rescissions (cancellations of policies). John Goodman claims that before the PPACA, rescissions almost never happened except in cases of fraud. Nevertheless, one problem with the nongroup market in many states was denial of applications for coverage from … Continue reading Social Norms as Market Regulation: The Case of Pre-PPACA Nongroup Health Insurance