IDSB04H3 Lecture 8: Lecture 8 Notes
12 Dec 2010
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Idsb04 lec 9: health crisis (nov. 2: neoclassical approach: if supply is free then the demand goes down. i t"s not as alluring, and has moral hazard (overuses it) health care approach: demand goes up if supply is free. general taxation is most progressive (fair) it"s in canada (premiums tailored to income) mandatory health insurance less fair, especially if one premium for all. private insurance even less fair: sickest (poorest) pay higher premiums (everyone rated to risk of becoming ill so usually older, poorer, sicker pay most. out-of pocket least fair (most regressive)- no risk sharing at all. Inadequate health financing is an important cause of poverty and: p. 546-7: health insurance model: guilds and workers- mu tual protection/friendly societies social insurance (national or com munity-based) www. notesolution. com. risk pooling (to reduce costs of expected illness, burial, etc. ) ((both of these 2 = beneficial))
