Question

Identify and describe one way that economic status may impact health. Which mechanism did you find convincing? why?

Answer 1

Young graduates who receive high fat packages from top Bschools usually opt out for health insurance covers and opt in fir alternative investments like mutual funds, gold, equity, debt, etc. This leads to rise in premium as insures receive lesser cash flows and thus insurance costs rise.

Now due to excessive stress, pollution, bad eatung habits and poor lifestyle for young adults invites degradation of health and this lack if insurance leads to higher healthcare costs.

Thus, mechanism of poor lifestyle and absences of insurance cover leads to deterioration of health and economic status both.