Define a medical care market at the microeconomic level in terms of who demands medical care...
Define a medical care market at the microeconomic level in terms of who demands medical care and who supplies medical care. What is the goal of risk sharing in medical care markets at the microeconomic level?
Homework Answers
Ans. In Microeconomic terms , healthcare market is a market where interaction of those who demand medical care services and those who supply medical care services takes place. Those who demand medical care services includes Consumers who want better health capital and those who supply are : Hospitals , Clinics , Nursing Homes etc. The primary goal of risk sharing in medical care markets is to increase the demand of medical care services ie medical care services can become affordable to majority and more and more people can avail the medical care services without worrying much about the high risks. Risk sharing is usually involved in medical insurances.
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Define a medical care market at the
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