In the US, about 2/3 of individuals are covered by private health insurance, and most of the private insurance is provided through the large firms. Usually in this big firms, workers are offered with the same kind of health insurance. People pay for health insurance through reduced wages. Discuss the potential redistribution effects (progressive or regressive?) and efficiency effects of this system

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter11: Planning For Health Care Expenses
Section11.2: Types Of Health Care Plans
Problem 1CC
icon
Related questions
Question

W4

 Private health insurance

In the US, about 2/3 of individuals are covered by private health insurance, and most of the private insurance is provided through the large firms. Usually in this big firms, workers are offered with the same kind of health insurance. People pay for health insurance through reduced wages. Discuss the potential redistribution effects (progressive or regressive?) and efficiency effects of this system.

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Introduction To Revenue Cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Personal Finance
Personal Finance
Finance
ISBN:
9781337669214
Author:
GARMAN
Publisher:
Cengage