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1) Doctors at Asclepius have invented a novel cure for the extremely rare, very serious, acute,...

1) Doctors at Asclepius have invented a novel cure for the extremely rare, very serious, acute, and completely unforeseeable condition of Economitis. They would like to sell it at a very high price. Explain to BBNW why they should include coverage of Economitis in their insurance packages.

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Answer #1

Ans. BBNW should include the problem of economitis in the insurance because it is one of the very rarest disease which is very less likely to happen and even if it happens there are 10 in 100's who would suffer with this problem so ultimately the firm will be profitted because the cases will be very rare and the firm might not have to spend but along with it , it is profitable to the public itself because they might not be able to spend huge amount of money on the vaccine but if they are provided with an insurance which covers this problem, they will definitely buy the insurance . So this is beneficial for the firm as well as public , so it should be covered in insurance.

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