Purchase Solution

Income Elasticity Of Demand Of Health Insurance

Not what you're looking for?

Ask Custom Question

Discuss the factors that determine income elasticity of demand of health insurance.

Purchase this Solution

Solution Preview

A very key factor that determines the income elasticity of demand of health insurance would of course be an increase in the income of individuals that demand of a particular level of health insurance. A situation of this nature will in all probability have a positive income elasticity of demand due to the fact that the increase in income will result in these individuals probably upgrading the level of their insurance coverage, as well as providing coverage for individuals within their households. Another key factor that determines the income elasticity of demand of health insurance, would be a decline in the income or spendable income to individuals that purchase a given level of health insurance experience. A situation of this nature would probably result in a negative income elasticity of demand for health insurance, due to the fact that individuals will tend to ...

Solution provided by:
Education
  • Criminal Justice, Elizabeth City State University
  • Master of Public Administration, North Carolina Central University
Recent Feedback
  • "Excellent work, from the time of my post to the time I received a response was days ahead of my requirements. "
  • "Great, Thank You for our Help!!"
  • "Excellent, thank you "
  • "Thank you"
  • "Thank you!"
Purchase this Solution


Free BrainMass Quizzes
First Aid

Do you know how to provide first aid?

What everyone should know about MRSA

This quiz focuses on what everyone should know about community MRSA. Community MSRA is an infection in healthy people.

Managed Care Organizations

This quiz will test the basics of managed care organizations. It is important to know how our health care delivery system operates through managed care.

Fibromyalgia

This quiz provides a brief overview of Fibromyalgia. Research is currently evolving regarding this diagnosis.

Tumor Markers

This quiz help you memorize common tumor markers used to detect and diagnose some types of cancer.