How does the Grossman Model account for factors that have an adverse effect on demand for healthcare? Through investment in healthcare, this theory argues that people "choose" how long they live. However, there are many factors that are not a choice that impact life expectancy. For example disabilities, race, and access to a hospital. I am curious how/if the Grossman Model accounts for the many marginalized identities or societal factors that can impact healthcare demand and investment.
How does the Grossman Model account for factors that have an adverse effect on demand for healthcare?
by Sonya Ravipati -
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