The RAND Health Insurance Study:
a. was set up to study medical outcomes when individuals were free to choose the type of health coverage they desired.
b. examined cross-section data to estimate the demand function for medical care.
c. was the most extensive controlled experiment in health insurance ever conducted in the United States.
d. was flawed due to severe self-selection bias.
e. like most economic studies, was based on individual decisions in voluntarily choosing health insurance coverage.
c. was the most extensive controlled experiment in health insurance ever conducted in the United States.
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