How do co payments and deductibles help contain health care costs?
What will be an ideal response?
Co payments and deductibles reduce a problem with the over consumption of health care. The insured have no incentive to conserve on health care expenditures if insurance covers the full bill. With co payments and deductibles, the insured must pay a portion of the cost of seeing a doctor or visiting the hospital. This policy gives the insured an incentive to conserve costs.
You might also like to view...
List four characteristics of monopolistic competition
What will be an ideal response?
Currently in the United States, the ________ must examine the facts of each resale maintenance case using the ________.
A) Supreme Court; hardcore restriction approach B) lower courts; rule of reason approach C) Supreme Court; rule of reason approach D) lower courts; hardcore restriction approach
Recent activity in the area of civil rights has been a movement towards aggressive affirmative action
Indicate whether the statement is true or false
Which of the following countries has adopted the U.S. dollar as its own currency?
A) Ecuador B) Mexico C) Canada D) France E) Australia