Which one among these is not one factor that makes health care service difficult to insure? 1.future expendature on health care is uncertain 2.the payment for each health procedure are determined by insurers 3.Health care providers are paid based on their service rather then their outcome from their service
Which one among these is not one factor that makes health care service difficult to insure? 1.future expendature on health care is uncertain 2.the payment for each health procedure are determined by insurers 3.Health care providers are paid based on their service rather then their outcome from their service
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which one among these is not one factor that makes health care service difficult to insure?
1.future expendature on health care is uncertain
2.the payment for each health procedure are determined by insurers
3.Health care providers are paid based on their service rather then their outcome from their service
Expert Solution
Step 1
The healthcare demand is usually complex due to many reasons such as consumers does not has the information on the costs and benefits of care; price to be erratic and the insurer provider’s mainly influence on what people buy. The price of care mainly depends on insurance coverage, and the third party insurance negates price.
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