Abstract
Life can be a tale of woe so people contrive arrangements that insulate them from the consequences of some familiar feared mishaps. Insurance - a small present payment in promise of larger compensation in the event of future losses - is one such arrangement. Insurance contracts recompense policy-holders for, for instance, loss of or damage to their home in a fire or their car in an accident, or the death of a benefactor who took out life insurance. People may also buy insurance that will cover some (maybe most) of their medical costs if they or members of their family fall ill and need care.
Original language | English (US) |
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Title of host publication | Private Health Insurance |
Subtitle of host publication | History, Politics and Performance |
Publisher | Cambridge University Press |
Pages | 494-524 |
Number of pages | 31 |
ISBN (Electronic) | 9781139026468 |
ISBN (Print) | 9780521125826 |
DOIs | |
State | Published - Oct 1 2020 |
ASJC Scopus subject areas
- General Economics, Econometrics and Finance
- General Business, Management and Accounting