2006-09-25 15:45:36 · 5 answers · asked by elaiza f 1 in Education & Reference ➔ Teaching
Here's a simple analogy:
An elderly person has failing health, is doped up all the time to stay comfortable needs constant care, and perhaps machinery to perform certain body functions. The care is very expensive. The insurance companies would not want to pay great deals of money for this person's care as he may die soon.
A baby is born with a failing heart. He needs surgery (perhaps a transplant). He needs all kinds of medications and constant care. The cost is enormous. The insurance company writes the checks without batting an eyelash, even though the baby might die soon.
Don't know if this is the answer you're looking for, but it makes you wonder ...
2006-09-25 16:00:37 · answer #1 · answered by Ginbail © 6 · 0⤊ 0⤋
Health economics has five different market in it:
1. Healthcare Financing market
2. Physician services market
3. Institutional services market
4. Input factors market
5. Professional education market
Health insurance is part of the Healthcare Financing market ( #1 ).
2006-09-26 06:47:31 · answer #2 · answered by 2insure4less 2 · 0⤊ 0⤋
I don't know what health economics is, but hopefully the insurance companies are not saying, your worth more below ground than above.
2006-09-25 15:54:07 · answer #3 · answered by MarshaMarsha 3 · 0⤊ 0⤋
Hillary spent a lot of time in large room filled with experts, and wasn't able to completely answer your question, so do you really think something that complicated can get answered here.
2006-09-25 17:09:07 · answer #4 · answered by Mister2-15-2 7 · 0⤊ 0⤋
Contact the Ministry of Health(in Canada anyway. ) Must be the same in States.?? or quite similar They do have the answers. Thanks for asking Curious 2006
2006-09-25 15:50:29 · answer #5 · answered by Curious 2006 2 · 0⤊ 0⤋