this is my project in health economics and my teacher wants me to make a research regarding the common medical practices. i know a bit of it but i know that two heads is better than one. thanxs.
Project n h. economics.can you teach me how to make a research regarding common medical practices?
Although assumptions of textbook models of economic markets apply reasonably well to health care markets, there are important deviations. Insurance markets rely on risk pools, in which relatively healthy enrollees subsidize the care of the rest. Insurers must cope with "adverse selection" which occurs when they are unable to fully predict the medical expenses of enrollees; adverse selection can destroy the risk pool. Features of insurance markets, such as group purchases and preexisting condition exclusions are meant to cope with adverse selection.
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