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Discuss how technological, social, and economic factors created the need for health insurance.

Discuss how technological, social, and economic factors created the need for health insurance.

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Answer #1

Economical factor- dur to expensive cost of the treatment in the high rated hospital create the need of health insurance ....as via the small contribution to the health insurance when we require any medical facility the we can go to high rated hospital in which direct treatment cost a lot but via the health insurance it cosst almost negligible..... A low socioeconomic status people can also use these services via health insurance

Social - now a day this a treand and also due to increase infection and non infecious disease in the environment ..there is requirement of health insurance

Technological- due to advancement in technology which is present in tha high rated hospital.....people are bounded to use thoose hospital ....and cost of the treatment in those hospital is very high that lead to clear tha bank account balence ...so use and requirements of health insurance is increased .....

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