For each of the following insurance plan designs, use a supply and demand graph to show how it would affect an individual's choice of health care relative to the socially efficient level. Assume the market is at the efficient level BEFORE the introduction of the insurance plan. For simplicity assume that MSC per unit is constant (a horizontal line like in the examples from lecture). Note you can draw these by hand and upload a photo/scan of the graphs. a. A $c copay b. A p% coinsurance rate c. A deductible of $d

For each of the following insurance plan designs, use a supply and demand graph to show how it would affect an individual's choice of health care relative to the socially efficient level. Assume the market is at the efficient level BEFORE the introduction of the insurance plan. For simplicity assume that MSC per unit is constant (a horizontal line like in the examples from lecture). Note you can draw these by hand and upload a photo/scan of the graphs. a. A $c copay b. A p% coinsurance rate c. A deductible of $d

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter14: Medical Care Systems Worldwide

Section: Chapter Questions

Problem 3QAP

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