Question

how would one payer health insurance influence the supply and demand on health care?

b. what effects would this have on supply of test kits for corona virus?

Answer 1

Answer: The payer health insurance influence the supply and demand on healthcare as the health insurance is mainly depends upon the socioeconomic factors, family history and health of individuals. This means the type of insurance coverage requires, the supply should be accordingly. So, if many people have healthcare coverage then there will be more demand and hence the supply should be met.

If larger number of people will have coverage then the supply of test kits for coronavirus required more. Hence increase in demand is directly proportional to the supply. The test kits demand will be more.