Primary reason underlying rising health care costs

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Reference no: EM131164475

Many economists point to moral hazard as the primary reason underlying rising health care costs in the United States.

How does price elasticity of demand influence the moral hazard problem?

Explain how an insurer could reduce the scope of the moral hazard problem by introducing a consumer copayment?

What two considerations determine the optimal co-payment rate?

Reference no: EM131164475

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