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... expansion in the demand for expensive care, why has insurance grown so rapidly? In part, this growth reflects a family's rational demand for protection against unexpected illness. It is unfortunate but inevitable that this process tends to be self-perpetuating.

National Health Insurance: Panel Discussions Before the Subcommittee on ... - Page 263
by United States. Congress. House. Committee on Ways and Means. Subcommittee on Health - 1975 - 463 pages
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National Health Insurance-implications: Hearings

United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Public Health and Environment - 1974 - 622 pages

...rapidly ? In part the growth of insurance reflects a family's rational demand for protection against the unexpected illness. It is unfortunate but inevitable...substantial bills that can cause real hardship. Why have Americans bought such complete coverape for relatively small bills? Why have they been willing...

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National Health Insurances - Implications, Hearings Before the Subcommittee ...

United States. Congress. House. Committee on Interstate and Foreign Commerce - 1974 - 618 pages

...self-reinforcing. The high cost of c induces the patient to buy more complete insurance and the groi of insurance induces the hospital to produce more...But this demand for protection cannot explain the comprehens first dollar insurance that now exists. Current insurance is often ina quate in protecting...

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