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Health Economic Principles In The Uae, Immanuel Azaad Moonesar

University of Wollongong in Dubai - Papers

The demand for health care insurance exists because of the uncertainty associated with an individual’s state of health and the risk of very large expenditures in the case of illness and sickness (Dewar, 2010). The health insurance usually provides risk sharing between the insured and insurer, pooling risks among the insured, and sometimes risk sharing between the insurer and the healthcare providers (Getzen, 2010). In other words, people buy insurance because they are risk-averse. Sometimes there may be a demand for health care insurance without a need. On the other hand, there may be a need and not demand for …