Discussion Board 2: Principles Of Microeconomics

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Phase 1 Discussion Board 2 ECON212-1402A-04 Principles of Microeconomics CTU Online Robert. Boiser Prof Joseph Parisi Friday, April 11, 2014 How would the law affect the demand for health insurance? Why? The demand for medical care has been impacted greatly because the growth of health insurance. The demand for healthcare pass decreased because of the increase of out-of-pocket costs. People try to reduce their expenses by visiting the doctor less. The deductibles pass decreased the demand for medical services. There would be an increase in the amount of health care consumers if the coinsurance or deductible goes down. How would the law affect the average price of health insurance? Why? The laws in Texas are different from other states. Texas health insurance laws decides on what health insurance must cover and what they are allowed to do as far as policy is design, the demand for health insurance determines the average price of health insurance , as set by Texas insurance laws. There are many different scenarios that affect the average price of health insurance, such as the type of health insurance policies that are available. Things like age, health status, lifestyle, preventive and well-being services I think it would be hard to determine the average price of health insurance because every policy is different in…show more content…
Why? Under Obama care the law will affect every American because under the new law everyone must be insured, so the insurance company who supply health insurance will have to meet the demand. Because of the Obama care the insurance companies and the government will have to supply insurance for every American. Hirer in healthcare equilibrium cannot occur. The demand in healthcare cannot be satisfied will. We cannot ever meet the population’s need for medical services, another person will always need treatment, after supply of goods and services are
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