Is insurance elastic or inelastic?

InsuNews May 23, 2022

Is insurance elastic or inelastic?

ELASTICITY OF DEMAND FOR HEALTH INSURANCE The research literature indicates that the demand for health insurance is, in general, price- inelastic. That is, a percentage change in the price of insurance—to employers, employees, or individuals in the nongroup market—evokes a smaller percentage change in demand. Mar 24, 2006

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