In 1938, at the government-convened National Health Conference, organized labor emerged as a major proponent of legislation to guarantee universal health care in the United States.
Under the shelter of government implicit guarantee, guaranteed economic agencies' risk preference was increased, which caused serious moral hazard and adverse selection.
在隐性担保的庇护下,受保经济主体的风险倾向增加,道德风险和逆向选择问题蔓延。
3
The United States shall guarantee to state in this union a republican form of government.