The Importance Of Health Insurance

Health insurance is almost available to everyone. Most individuals with average wealth and good education tend to be in neutral health. Individuals who do not take their health for granted and tend to just live in the moment have fair-minded health. A risk adverse individual will always be better off buying fair insurance. As insurance becomes less fair, this is better for insurance companies. You can say insurance becomes less lawful. With Administration costs, deductibles, etc., the risk adverse individuals will buy less insurance. Adverse selection and moral hazard on insurance companies have all kinds of problems. People come in different types and look at their own heath in a rational way. “There can be high-risk, low risk, …show more content…
Few people eat lunch at home under controlled circumstances. We should be cutting back on carbs and red meats that are not good for individuals. We need to understand behaviour as well as biology; economics assume that people make rational decisions on how they feel and not thinking of long-term effects. Also everyone has individual preferences so choices will be different. Limited income is also a huge affect and you cannot have everything you want. New technology may make being obese less dangerous. When you look at health, incomes, the amount of leisure, amount of exercise, and the amount of food individuals eat weight are all interrelated. Basic economic models can assume that people know relationships between the key variable and know their own …show more content…
Also hospitalization, medical treatment, incarceration, police intervention, emergency shelters can add up very quickly and tax payers spending a lot of money on the homeless.

To concur these issues, we have to inflict that homelessness causes serious health care consequences. This includes addiction, mental disorders and diseases. The homeless programs do not have these consequences stated above as their main issues to worry about. Homelessness inhibits these cares by focusing on housing and distracting the regular medical attention these individuals need. By having these inabilities and not to treat the medical problems can be cost effective for taxpayers. Prisons and jails are huge circumstance for the homeless. People who are homeless spend more time in jail or in prison and can be cost effective to the province. In Canada, inmates who were reported having a homeless count were aboriginal people. “Aboriginal peoples are greatly over represented among those who are imprisoned, and among those who are homeless. About 1 percent of the Toronto population is Aboriginal” (City of Toronto 2009). Unfortunately, there is no service available to help inmates retain their housing while being in prison or incarcerated. “Most of these housing services, include housing for special needs groups, are provided