How do co payments and deductibles help contain health care costs?
What will be an ideal response?
Co payments and deductibles reduce a problem with the over consumption of health care. The insured have no incentive to conserve on health care expenditures if insurance covers the full bill. With co payments and deductibles, the insured must pay a portion of the cost of seeing a doctor or visiting the hospital. This policy gives the insured an incentive to conserve costs.
Economics
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The demand curve for a monopoly firm
A) is perfectly inelastic. B) lies below its marginal revenue curve. C) is the same as the market demand curve. D) is horizontal.
Economics
Starting at full employment, a business cycle can be described by the following sequence: ... equilibrium, ... equilibrium, ... equilibrium
What will be an ideal response?
Economics