The Theory of Demand for Health Insurance (Stanford Business Books)

by JohnA.Nyman (Author)

• New

  Hardcover
  2002

  $60.70

  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.