Because we are all covered by provincial health insurance, the dollar price of medical care is zero. Therefore the marginal benefits of health care must be zero.

Question

Quizplus · Accepted Answer

The dollar price of medical care may be zero for individuals covered by provincial health insurance, but that does not mean the marginal benefits of health care are zero. Medical care provides benefits such as improved health, increased productivity, and reduced mortality, which have non-monetary value to individuals and society as a whole.

Because We Are All Covered by Provincial Health Insurance, the Dollar