Dear All,
It would be interesting to note that preventive health care including
public health programs and research can cause a change in people's future
outlook and savings patterns. If one factors this in private provision of
health can be suboptimal in that a private financer by definition will not
take into account this social benefit through increased capital
formation.There is some research work on this and more can be done.But I
don't think anyone will doubt the simple fact that for e.g. people buy
more or less life insurance based on how long they expect to live.
Dr.Soumitra K. Mallick
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