Economics Outpatient Care Expenditures Discussion

Question Description

I’m working on a economics question and need a sample draft to help me learn.

why are outpatient care expenditures more responsive to co-insurance rate than inpatient care expenditures? In other words, why is insurance moral hazard more severe among outpatient care, compared with inpatient care? (Hint: think about the role of physicians during inpatient vs. outpatient care.)

Explanation & Answer:
150 words

insurance rate

insurance moral hazard

outpatient care expenditures

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