Insurance coverage tend to increase rational ignorance
Course:- Microeconomics
Reference No.:- EM13684741

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1. About two-thirds of funding for substance abuse treatment comes from taxpayers. Are there external benefits of substance abuse treatment that warrant this level of public funding?

2. Vaccination schedules are predictable, meaning insurance coverage for vaccinations does not protect consumers against risks. Insurance coverage for vaccinations drives up costs because more people obtain vaccinated if coverage is available and because insurers have overhead costs. Does insurance coverage for vaccines do anything useful? Describe your answer.

3. Why would insurance coverage tend to increase rational ignorance?

4. Why are many economists opposed to licensure of medical facilities and personnel?

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