Demand for health insurance-elastic or inelastic

Reference no: EM13685035

How would you characterize your demand for health insurance -- elastic or inelastic? Does the price elasticity of health insurance vary with age, ethnicity, gender, etc.? Does it vary depending on the type of medical procedure needed? If a doctor faces an elastic demand, should he/she raise or reduce the treatment fee to boost his/her revenue?

Reference no: EM13685035

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