HSCA 4610 - Health Care Economics Health Care Demand 1. Define the law of demand for health care goods/services. 2 . Identify changes to three (3) economic variables (e.g. price, time costs, income, etc.) that would ordinarily be predicted to result in a DECREASE in the demand for healthcare services. 3. Identify one of the demand effects that a decreased coinsurance rate (e.g. 20% > 10%) has on the demand for health care goods/services. 4. Identify two non-economic variables (e.g. age, gender, race, etc.) that have been associated with an INCREASED demand for healthcare services. 5. Using demand theory for health care goods and services, identify three (3) factors that have most likely contributed to the increase in the demand/utilization of and expenditure(s) for health care over the last 50 years