question archive Assume that a patient has 80 percent coverage for medical services but no coverage for prescription drugs
Assume that a patient has 80 percent coverage for medical services but no coverage for prescription drugs
Subject:EconomicsPrice: Bought3
Assume that a patient has 80 percent coverage for medical services but no coverage for prescription drugs. An 80 percent drug benefit is added. Show graphically what will happen to the relative utilization of M and D, and total spending on health care, to attain a given health status. What to the amount spent on drugs (insurance plus patient amounts)? Why will total spending on health care diminish when the 80 percent drug benefit is added? PLEASE INCLUDE GRAPH
