The Theory of Demand for Health Insurance

by John Nyman

Book Overview

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. Conventional theory also holds that any additional health care that consumers purchase because they have insurance is not worth the cost of producing it. Therefore, economists have promoted policies--copayments and managed care--to reduce...

• Format: Hardcover
• Language: English
• ISBN: 0804744882
• ISBN13: 9780804744881
• Release Date: November 2002
• Publisher: Stanford Economics and Finance
• Length: 216 Pages
• Weight: 0.96 lbs.
• Dimensions: 0.7" x 6.7" x 8.8"