This discussion has two parts (Prompt #1 and #2), and each must be addressed.
Prompt #1: Discuss the market supply and demand phenomena in the context of health insurance. Include in your discussion all of the ramifications that are inherent in both supply and demand.
Prompt #2: Some people argue that the government should not intervene in the case of market failure because the government itself is inefficient and will create new problems to replace the ones it is trying to fix. In addition, critics contend that the government is usually less efficient than the private sector. Do you think the government is less efficient than the private sector? Does it depend on the issue involved? If you believe it is inefficient in a particular area, does that lead you to recommend against government intervention, or is there a reason that you would still support government intervention? If you think the government should intervene, which intervention option do you prefer and why?