Is there any way to reduce the risk and uncertainty for health insurance on the part of the insurer, on the part of the insured? How does risk relate to pricing of health insurance? Explain and support your position.

Is there any way to reduce the risk and uncertainty for health insurance on the part of the insurer, on the part of the insured? How does risk relate to pricing of health insurance? Explain and support your position.

OR 

What are the advantages and disadvantages of community rating of health insurance? Consider both the concepts of equity and efficiency in your response.

ANSWER ONE OF THEM NOT BOTH!