Economics of Macro Issues 7th Edition by Roger LeRoy Miller,Daniel Benjamin

Exercise 3

In Britain, everyone has the right to health care provided by the National Health Service and paid for out of tax revenues. Nevertheless, two-thirds of British citizens earning more than $80,000 per year currently purchase private health insurance. Why would these people opt to "pay twice" for healthcare services? ( Hint : Think of Americans who pay for sending their children to private schools.)