Consider how health insurance affects the quantity of healthcare services performed. suppose that the typical medical procedure has a cost of $100, yet a person with health insurance pays only $20 out of pocket. her insurance company pays the remaining $80. (the insurance company recoups the $80 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undertake.)
a. draw the demand curve in the market
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answer in the form of message of telephonic conversation between John and David
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The health insurance has got both the advantages and the disadvantages.
On the advantage side the victim may fall ill unexpectedly and this may find him financially unprepared being unable to pay for the bills. The health insurance come in for rescue and pay for the bills if the victim is insured. this shows the advantage of an individual being iun question
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