Discuss how technological, social, and economic factors created the need for health insurance.

Expert Solution

Starting from a technological point of view, medication provides innovative and better therapy. Because of its company curative standards, healthcare care developed on its own and communally desired, which developed an increasing demand for health and wellness services. As of a financial outlook, people probably will visualize neither their long term requirements for healthcare treatment nor the expenses, both of which had been steadily enhancing. In short, logical and technological advancements executed medical care additional desired but less fairly priced. These developments aimed at the requirement for some types of insurance coverage that potentially will spread out the financial threat over a large number of people

keosha answered 2 years ago

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