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Harshit · Accepted Answer

1. The given statement is true. The health insurance sector if has a large customer base, the premium collection would be high and from those large customer base only a handful would need a health attention.  Hence the company would profit. In the present scenario, a health insurance only covers the future health issues and does not deal with the pre existing issues which reduce the overall risk of the insurance companies. Therefore if the government wants the insurance companies to cover pre existing issues as well, the government has to ensure that the insurance company has larger customer base enabling the companies to make profit.

Please help me answer the question with explaination

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