most major health insurance policies have a deductable and coinsurance features. What are the purposes of such system? Are they necessary? What are the expected effects and problems that could arise as a result of implementing such system?

Answer 1

It's fairly common knowledge among adults that no one really values something that is completely free. If someone has to put in at least SOME of his/her own money, then

~ he/she will think before using it (that is not just taking it for granted, and in this case, not running to the doctor for every little sniffle)

~ he/she will truly FEEL that he/she has a stake in this, that he/she needs to use it wisely.

(In my opinion above, "it" can refer to health insurance, education, or whatever people need to NOT take for granted.)

Now ... how will YOU answer these questions?

Answer 2

Perhaps you have heard the expression: "You get what you pay for." That, then, is no surprise when you pay nothing to essentially get nothing!

Sra