Price ($)100SO20$1,600$800Demand$12,000$1,200Demand (undercoinsurance)100 120SupplyIn the above figure, the decreased coinsurance rate leads to deadweight loss of ___Quantity of care (visits)

Co-insurance is the percentage of ensured expenses that is paid by the insurance policy holder. The…

Answered: 100 120 Quantity of care (visits) In…

100 120 Quantity of care (visits) In the above figure, the decreased coinsurance rate leads to deadweight loss of _____.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter16: Information, Risk, And Insurance

Section: Chapter Questions

Problem 18RQ: What are some of the metrics economists use to measure health outcomes?

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Question

Price ($)
100
SO
20
$1,600
$800
Demand
$12,000
$1,200
Demand (under
coinsurance)
100 120
Supply
In the above figure, the decreased coinsurance rate leads to deadweight loss of ___
Quantity of care (visits)

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