Insurance concepts

Private insurance consumer sovereignty employer based

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Unformatted text preview: but still pay taxes Social Insurance (Bismarck) – compulsory universal coverage under Social Security, financed by employee and employer contribution to non- profit insurance funds, public and private ownership of sector inputs. Private insurance (consumer sovereignty) – employer- based or individual purchase of private health insurance and private ownership of health sector inputs. GOVERNMENT OWNS AND RUNS THE HEALTH SYSTEM (SEMASKO)- typical of former USSR, compulsory universal coverage, also national general tax financing, national ownership of health sector inputs. Why NOT buy insurance? Chances are good you won’t be the ONE who gets hit (free rider) Humans have a taste for danger They fail to understand the theory of the declining marginal utility of...
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This document was uploaded on 04/01/2014.

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