Assume that a patient has 80 percent coverage for medical services but no coverage for prescription drugs.
Question:
Assume that a patient has 80 percent coverage for medical services but no coverage for prescription drugs. An 80 percent drug benefi t is added. Show graphically what will happen to the relative utilization of M and D , and total spending on health care, to attain a given health status. What happens to the amount spent on drugs (insurance plus patient amounts)? Why will total spending on health care diminish when the 80 percent drug benefi t is added?
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A relative decrease in drug price to the patie...View the full answer
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Related Book For 
The Economics Of Health And Health Care
ISBN: 9781138208049
8th Edition
Authors: Sherman Folland, Allen C. Goodman, Miron Stano
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