How does the substitution of third-party payments by insurance companies and the government for the out-of-pocket purchase

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How does the substitution of third-party payments by insurance companies and the government for the out-of-pocket purchase of health care by consumers influence the demand and price of medical services? Explain.

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Economics Private And Public Choice

ISBN: 9780357133996

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 17, 2023 10:00 AM

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How does the substitution of third-party payments by insurance companies and the government for the out-of-pocket purchase

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The substitution of thirdparty payments by insurance companies and the government for outofpocket purchases of healthcare by consumers has a significant influence on the demand and price of medical se...View the full answer

Economics Private And Public Choice

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