Investopedia does a nice job of explaining the difference between adverse selection and moral hazard, two important theories we cover in the class. Investopedia takes a look at it from a business standpoint which gives another unique perspective.
Insurers face adverse selection, with enrollment in exchange plans tilted too heavily toward consumers with higher than average health expenses. As a result, insurers on the exchanges suffer persistent, large, and growing financial losses, and large-scale withdrawals from the exchanges by major insurers are expected.
Adverse selection explained | Economics Help
Dealing with adverse selection in health care insurance
The Japanese credit guarantee scheme is leading to adverse selection and moral hazard, write Kuniyoshi Saito and Daisuke Tsuruta.