The Health Care Market – main issues/points Government-provided insurance (known as social insurance) makes up a large and increasing proportion of the federal budget.
{"Image DocumentName": "The Health Care Market \u2013 main issues/points", "Image ImageDescription": "Government-provided insurance (known as social insurance) makes up a large and increasing proportion of the federal budget. The U.S. spends a large percent of its GDP on health \u2013 17.9% in Government-provided health insurance has been an increasing percentage of the U.S. federal budget. Reasons for growth include aging of population, growth in income, third-party payments, and technological change. For a risk-averse person, an insurance plan that charges an actuarially fair premium increases expected utility because it allows risk smoothing. The more risk averse an individual is, the more he or she is willing to pay for an insurance policy.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}