(Solved):When you receive healthcare in the U.S., generally you are not paying for it; you are paying for insurance, and your insurance pays for the healthcare. Hence, the payment is being made by a third p… View Answer…

 

Question

When you receive healthcare in the U.S., generally you are not paying for it; you are paying for insurance, and your insurance pays for the healthcare. Hence, the payment is being made by a third party: your insurance company. The result is: People purchase more “healthcare” than they would if they were paying for it themselves.

What was just described could also apply to auto insurance. Most people have car insurance,

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