A major employer has just added health insurance coverage for its employees. Consequently, 5,000 of your patients
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A major employer has just added health insurance coverage for its employees. Consequently, 5,000 of your patients will pay a $30 copayment rather than the list price of $100 per visit. These patients average 2.2 visits per year. You believe the price elasticity of demand is between −0.15 and −0.35. What is your forecast of the change in the number of visits?
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To forecast the change in the number of visits in response to the introduction of health insurance coverage with a copayment you can use the concept o...View the full answer
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Kalyan M. Ranwa
I have more than seven years of teaching experience in physics and mechanical engineering.
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