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LU 12 MARKET FOR HEALTHCARE 1.How does the system of third party payments through health insurance affect the market for health care? 2. What is

LU 12 MARKET FOR HEALTHCARE

1.How does the system of third party payments through health insurance affect the market for health care?

2. What is moral hazard of health insurance?

3. How would the market for health care be affected if the federal government required all health insurance companies to increase their coinsurance rates from current levels by 50 percent?

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