Question

Briefly describe in what ways can the population without health insurance cost the economy money? (Think of the economy being the general population, employers, the government).

Answer 1

Population forms the most critical part of economy. Population is human resource of economy. Healthy and skilled population is relatively more productive and can contribute significantly to growth of economy.

The health insurance ensures that population remains more healthy and skilled. It saves numerous work hours by providing timely and necessary medical health care. Several workers are able get right treatments only because of health insurance.

Based on research and empirical studies, it has become clear that workers in less developed countries are not enough healthy , thus they do not contribute appropriately towards the production. While American population is adequately safeguarded by the insurance policies, thus they are relatively more productive.