The Theory of Demand for Health Insurance

The Theory of Demand for Health Insurance

Written by: John A. Nyman

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  • Publisher: Stanford University Press
  • Publish Date: 2003
  • ISBN-10: 0804744882
  • ebook-the-theory-of-demand-for-health-insurance.pdf
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Book Summary

Why do people buy health insurance? Conventional theory holds that people purchase insurance because they prefer the certainty of paying a small premium to the risk of getting sick and paying a large medical bill. This book presents a new theory of consumer demand for health insurance. It holds that people purchase insurance to obtain additional "income" when they become ill.

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