Why do individuals demand health insurance? Does the health insurance

Why do individuals demand health insurance? Does the health insurance provided through most employers more or less than people would get if purchased on their own? Why

What will be an ideal response?

ANSWER

Individuals primarily demand health insurance to protect themselves against low probability but extremely expensive medical expenses. The type of comprehensive health insurance provided through most employers exceeds the amount that most individuals would purchase on their own because employer contributions to employee health insurance plans are tax deductible. This creates a bias towards the type of comprehensive plans generally employed by employers.