Explain the need for health insurance in the United States from an economic perspective and address...

70.2K

Verified Solution

Question

Economics

Explain the need for health insurance in the United States froman economic perspective and address the benefits and limitations ofprivatized and public provision of health insurance. In doing soexplain how each approach deals with the concepts of riskmitigation, adverse selection, and moral hazard

Answer & Explanation Solved by verified expert

4.1 Ratings (501 Votes)

The Health Insurance coverage in US nation are assisted by the both private and public schemes Most of the working people have medical insurance coverage under employers insurance policy In order to cover medical insurance for all set of people US Fed government has categorized the medical insurance coverage into different types ranging by the age economic status of each citizens in the country The Fed backs up the insurance coverage for both economical weaker sections under the category of medicaid policy and also for Elderly people under the category See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member