Economics of Health Insurance Term Paper by scribbler

Economics of Health Insurance
A discussion on the economics of health insurance, specifically, employer-provided insurance plans.
# 152461 | 1,179 words | 4 sources | APA | 2013 | US
Published on Feb 17, 2013 in Medical and Health (Public Health Issues) , Business (General) , Economics (General)

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The paper considers the economic impact of the uninsured gaining health insurance coverage and then discusses a key factor of interest to policymakers that is a company's elasticity of providing health insurance with respect to price. The paper explains why the leading feature of the health insurance market in the U.S. is the condition of private health insurance through the workplace and why the tax subsidization of employer-provided insurance has been condemned. Finally, the paper presents a few approaches to estimating the elasticity of insurance offered by companies.

From the Paper:

"The greater part of insured Americans gets their coverage as a benefit through their jobs. Most workers with employer-sponsored coverage receive health insurance through a managed care plan. Approximately 48% are signed up in PPOs, 23% in HMOs, and 22% in POS plans. The accessibility of employer-sponsored coverage varies greatly, especially among low-income workers. These are usually the people who do not have access to such coverage. Some people buy non-group coverage on their own, and many low-income Americans especially children are eligible to be covered by Medicaid or the State Children's Health Insurance Program (SCHIP). Roughly all of the elderly are enrolled in Medicare. There is no customary health insurance plan, and coverage, above all for a service such as vision and dental care, prescription drugs, and mental health. 10% of all the people had insurance among the nonelderly adults, in 2001, reported that they didn't have access to drug coverage. Almost a third has no dental or vision coverage. While plans usually cover physician and hospital care, there is significant variation in the cost sharing required for services and in the scope of benefits covered. The majority of health plans have deductibles that necessitate people to spend anywhere from $100 to over $500 before they get coverage for most services. Insured people must pay a share of the cost of most services."

Sample of Sources Used:

  • Chmura, Christina. (2009). Supply and demand may hinder health-care reform. Retrieved June 11, 2010, from Richmond-Times Dispatch Web site: 0904-210608/290728/
  • Estimating the elasticity of health insurance offering for firms. (2006). Retrieved June 11, 2010, from Health Economist Web site: the-elasticity-of-the-firm-insurance-offer/
  • Gruber, Jonathan and Lettau, Michael. (2004). How elastic is the firm's demand forhealth insurance? Retrieved June 11, 2010, from Web site: http://econ-
  • Underinsured in America: Is Health Coverage Adequate? (2002). Retrieved June 10, 2010, from Kaiser Web site: Health-Coverage-Adequate-Fact-Sheet.pdf

Cite this Term Paper:

APA Format

Economics of Health Insurance (2013, February 17) Retrieved August 15, 2022, from

MLA Format

"Economics of Health Insurance" 17 February 2013. Web. 15 August. 2022. <>