Question: 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
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-level consequences and the implications for consumers' ability to respond to incentives embedded in their policies. Additionally, describe market-level consequences and potential administrative cost implications for insurers if products were simpler
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