1. Imagine an alternative universe where ‘health insurance’ was suddenly outlawed in the USA. All medical payments become an out-of-pocket expense directly charged by doctors, hospitals and pharmacists . No Medicare, no Medicaid, No Private insurance. Ten years later, compared with the present day situation, describe the impact on:
a. Health care providers (doctors and hospitals)
b. Household finances (savings, standard of living)
c. Business profits (retail goods, restaurants, manufacturing, etc.)
d. Population health (life expectancy, infant mortality)