MICROECONOMICS
MICROECONOMICS
11th Edition
ISBN: 9781266686764
Author: Colander
Publisher: MCG
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Chapter 8.1, Problem 7Q
To determine

Impact on the medical insurance rate, if illness could be predicted using DNA information.

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Why can’t a healthy lifestyle and a medical history with no major incidents be enough to guarantee low health care costs going forward?
For a person who previously had no insurance and received an insurance plan paying for 80 percent of all types of medical care, what increase in use would you expect for hospital care, dental care, and physician services, on average?
Draw a graph and an argument about how increases in health due to one medical innovation can lead to improvements in health that are not directly affected by that innovation. Does it matter the demographic properties of those individuals whose health is improved by the initial innovation?

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MICROECONOMICS

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