Willingness To Pay For Health Insurance Among Informal Sector Practitioners

CHAPTER ONE INTRODUCTION 1.1     Background to the Study Economists often emphasize that demand should not be confused with need, desire or want. The need, want, or desire for a good or service that is backed-up with the willingness and ability to pay is what is termed as demand. Obviously, in a country like Nigeria where poverty is still a major problem and diseases are enormous, the need or want for health care would be high but the demand may not be as high due to the willingness and ability to pay (Vonke and Sunday, 2014). The success of health insurance depends first and foremost on the e…