In the context of health economics, why do people’s expectations of healthcare increase with rising incomes?

Improved Standard of Living: As people's income rises, their standard of living improves. They are able to afford better housing, food, education, and other amenities. This naturally extends to healthcare as well. They expect to receive better healthcare services because they can afford them.

Increased Awareness: Higher income often correlates with higher education and increased awareness about health issues. This awareness leads to higher expectations for healthcare services. People with higher incomes are more likely to know about the latest treatments and technologies, and therefore, they expect their healthcare providers to offer these services.

Demand for Preventive Care: With increased income, people are more likely to invest in preventive healthcare. They expect their healthcare providers to offer regular check-ups, screenings, and other preventive measures to help them maintain their health.

Desire for Personalized Care: As income increases, people often desire more personalized care. They expect their healthcare providers to know their medical history, understand their specific needs, and provide tailored treatment plans.

Willingness to Pay for Quality: Higher income allows people to pay more for quality healthcare. They expect their healthcare providers to have the latest equipment, highly trained staff, and excellent customer service. They are willing to pay more for these services because they value their health and want the best possible care.

Increased Life Expectancy: With higher income, people often have a higher life expectancy. They expect their healthcare providers to offer services that will help them live longer, healthier lives. This includes everything from regular check-ups to treatments for chronic conditions.