A growing share of health insurance plans have high deductibles, so that an individual must spend up
Question:
A growing share of health insurance plans have high deductibles, so that an individual must spend up to $6,450 before insurance begins to pay for services.
What problem(s) are these insurance plans trying to solve? Answer this question using economic terminology related to health insurance. For what reasons might these plans be successful? In what ways might these plans backfire?
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Answer High deductible health insurance plans aim to address several problems in the healthcare system primarily related to cost control and incentivi...View the full answer
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Muhammad Umair
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