Question: 22 (1987) article. Answer the following three questions on the RAND Health Insurance Experiment and the Manning et al a. Why was it important for

22

(1987) article. Answer the following three questions on the RAND Health Insurance Experiment and the Manning et al a. Why was it important for the insurance policies in the HIE to be randomly assigned? (4 points) b. According to Manning et al. (1987), does health insurance explain the substantial rise in the price of medicine over the past 50 years? (4 points) c. According to Manning et al. (1987). do consumers who possess health insurance have better health outcomes on average? (4 points)
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