Question: 3 . Drawing from the source, explain the various consequences that arise from consumers' lack of understanding of health insurance policies and concepts. Your response

3 .

Drawing from the source, explain the various consequences that arise from consumers' lack of understanding of health insurance policies and concepts. Your response should detail individual

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level consequences and the implications for consumers' ability to respond to incentives embedded in their policies. Additionally, describe market

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level consequences and potential administrative cost implications for insurers if products were simpler.

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