lebeau asked in Social ScienceEconomics · 5 months ago

Economic question. What would be some consequences if health insurance wasn’t around and everyone had to pay from their own healthcare?

4 Answers

Relevance
  • 5 months ago

    Poorer health, shorter life-spans.

  • Oiy
    Lv 4
    5 months ago

    There will be no moral hazard, means people will not care more about themselves. But some people will go broke. The healthy guys need not pay for the ugly anymore. The insurance tycoons will have to find some new jobs. In developing countries, it is an opportunity to cheat people.

  • Kenny
    Lv 7
    5 months ago

    The cause of health care would go down because people couldn't pay more and more .

  • Zirp
    Lv 7
    5 months ago

    Lots of people would die or become crippled for no good reason

    Lots of people would spread infectious diseases

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