The Theory of Demand for Health Insurance
Author: John A. Nyman
Publisher: Stanford University Press
Published: 2003
Total Pages: 228
ISBN-13: 9780804744881
DOWNLOAD EBOOK →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.