question archive In recent years, many elderly people have purchased Medigap insurance policies to cover a growing Medicare copayment

In recent years, many elderly people have purchased Medigap insurance policies to cover a growing Medicare copayment

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In recent years, many elderly people have purchased Medigap insurance policies to cover a growing Medicare copayment. These policies cover some or all of the medical costs not covered by Medicare. Use economic theory to explain how the growth of these policies is likely to influence the demand for healthcare by elderly people.

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