Demand for Health and Medical Care
Introduction
Health is a fundamental need for human beings and each individual demands health care services to ensure maintenance of health, through preventative measures or for curative purposes. Therefore, simply claiming for health care can be raised from demand for health by individuals. The consumer theory in economics forms the basis upon which the demand for health and medical care is derived. This is based on the fact that the consumers seek to maximize their utility from consumption of health services. There are various factors affecting the demand for health such as the level of education of the consumer for the health services. The price of health care services is another determinant of demand for health care services, as well as the income of the consumer (Jacobs & Rapoport, 2004).Demand for Health and Medical Care Paper