In: Economics
Explain how the presence of health insurance affects the demand for health care.
Demand requires higher quality transactions or uses by
individuals and when persons use medical facilities, health
insurancers are requested, so that supply increases further if
supply increases demand.
Market systems mean the number and demand for goods and services
produced on the market because of good quality.
Health insurance impacts both the decisions made by consumers and
the manufacturers. The health insurance services may be of greater
concern to lower incomes and to non-insured persons than those on
high incomes.
The only reason they take fewer decisions on health insurance is
because of a lack of education and numerical skills among
customers.
Thus they will also demonstrate interest in providing good
education and in describing health insurance benefits.
If the health insurance programs were determined, these would also
resolve illness issues.
If the producer wants to provide health insurance quality services,
that is also attracted by the consumers.