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When a company buys medical insurance for all its workers, the insurance premium per worker is generally much cheaper on the average for comparable coverage,
When a company buys medical insurance for all its workers, the insurance premium per worker is generally much cheaper on the average for comparable coverage, compared to insurance purchased by individuals. The difference in cost may not be just due to differences in the administration costs in handling bulk insurance policies in a company'stransaction. Explain, in the context of information, for this cost differential
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