. The following table depicts a scenario where there is insurance. The patient only incurs costs imposed...

 

.

Transcribed Image Text:

The following table depicts a scenario where there is insurance. The patient only incurs costs imposed on him/her by the insurance company. These costs are detailed in the columns titled "patient total" and “patient marginal." Table 2: With insurance situation Number of Total visits Marginal Benefits Total Marginal Costs Patient Patient Marginal $20 Benefits Costs Total $20 $250 $450 $600 $700 $250 $200 $150 $100 $125 $125 $20 $20 $20 $20 $20 $125 $125 $250 $375 $500 $40 $60 $80 $100 $120 3 $125 $125 $125 4 $50 $750 $775 $625 $750 6. $25 The following table depicts a scenario where there is insurance. The patient only incurs costs imposed on him/her by the insurance company. These costs are detailed in the columns titled "patient total" and “patient marginal." Table 2: With insurance situation Number of Total visits Marginal Benefits Total Marginal Costs Patient Patient Marginal $20 Benefits Costs Total $20 $250 $450 $600 $700 $250 $200 $150 $100 $125 $125 $20 $20 $20 $20 $20 $125 $125 $250 $375 $500 $40 $60 $80 $100 $120 3 $125 $125 $125 4 $50 $750 $775 $625 $750 6. $25

Answer rating: 100% (QA)

solution Number Total benefit Total cost Net benefit Patient cost Income to society 1 250 125 ... View the full answer