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Queststion:There are many âmoving partsâ to the Affordable Care Act, and we will all see how these moving parts come together in, hopefully, a holistic way. Based upon any research you are able to accomplish on your own please do the following.a. Define moral hazard in a general way and then provide a more specific definition of moral hazard in an insurance market.b. Explain how moral hazard manifests itself and becomes a problem in insurance markets.c. Identify at least two policy issues created in the drafting and implementation of the Affordable Care Act that were influenced by moral hazard. Fully explain the issues and identify the solutions allowed by the policy to the moral hazard problems.
