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.
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ISBN | 9780804744881 |
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Sprache | eng |
Cover | Fester Einband |
Verlag | Stanford Economics & Finance |
Jahr | 20021101 |
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