How do mc pay physicians affect allocative efficiency

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Reference no: EM133603549

Assignment:

Incentives within traditional health insurance (THI) plans encourage health care spending, while incentives within managed care (MC) plans constrain health care spending.

(a) How do the different ways THI and MC pay physicians affect allocative efficiency? Explain.

(b) Use the concept of moral hazard to explain why consumers covered by MC compared to THI use LESS health care services.

Reference no: EM133603549

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