I believe that health insurance is neither elastic or inelastic. The amount of insurance most people purchase has little to do with the actual cost of the coverage. In most cases the person making the purchase decision is not the individual paying for the coverage. People can pay widely different amounts for the very same level of coverage.
When the coverage is purchased through work the person's employer is making a portion of the premium payments on behalf of the employee. Any remaining contribution is paid for by the employee using pretax payroll deductions. The IRS is then picking up a portion of the tab in the form of a tax subsidy.
When individuals purchase coverage through a state exchange they may be eligible for premium and cost sharing subsidies. The subsidies are based upon the household's income compared to the federal poverty level.
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When the coverage is purchased through work the person's employer is making a portion of the premium payments on behalf of the employee. Any remaining contribution is paid for by the employee using pretax payroll deductions. The IRS is then picking up a portion of the tab in the form of a tax subsidy.
When individuals purchase coverage through a state exchange they may be eligible for premium and cost sharing subsidies. The subsidies are based upon the household's income compared to the federal poverty level.