Economics Discussion Post: Benefits and Challenges of Insurance
The insurance system has benefits and drawbacks for patients, providers (physicians), and insurance companies. Identify at least one benefit and one drawback for each of these stakeholders. Explain how insurance benefits/hinders each stakeholder. How does the demand theory apply to the relationship between each stakeholder and the insurance industry? Does insurance impact the quality of care provided by physicians?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.