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Which of the following best describes the results of the RAND Health Insurance Study? A.Individual patient demand is not responsive to the level of cost
Which of the following best describes the results of the RAND Health Insurance Study?
- A.Individual patient demand is not responsive to the level of cost sharing
- B.Individual patient demand responds to the level of cost sharing
- C.Changes in coinsurance have little effect on the quantity of service demanded
- D.The price elasticity for health care is .25
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