With no public health insurance market, how many families buy insurance, what is the premium, and is
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With no public health insurance market, how many families buy insurance, what is the premium, and is the coverage efficient?
The marginal cost of insurance is a constant $6,000 per family per year. Marginal social benefit from insurance exceeds the willingness and ability to pay by a constant $4,000 per family per year
Transcribed Image Text:
FIGURE 16.2 Problems 7 to 10 D= MB 20 10 30 40 50 60 70 Quantity (millions of families insured) 4. 3. 2. Premium (thousands of dollars per year)
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