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One curious finding from the RAND Health Insurance Experiment was that the rate of treated bone fractures per capita was higher in the group of
One curious finding from the RAND Health Insurance Experiment was that the rate of treated bone fractures per capita was higher in the group of families that had been assigned to the free insurance plan, compared with those in the high copayment plans. Concisely describe how the Grossman model might explain the fact that people facing higher prices for health care would break bones less often. Be sure to discuss the concept of the marginal efficiency of health investment.
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