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 qincomeq when they become ill.Michael Chernew, University of Michigan This is a compelling and modern treatment of the demand for health insurance written by a leader in the field. The book is concise yet comprehensive, carefully researched, and clear.
|Title||:||The Theory of Demand for Health Insurance|
|Author||:||John A. Nyman|
|Publisher||:||Stanford University Press - 2003|