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William Krogsdale
on Nov 26, 2024

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Sam decides to join the Gigantic State University's rugby team when he learns that his health insurance will pay for any subsequent injury. This illustrates

A) the diagnosis-related-group system.
B) a "pay or play" system.
C) the moral hazard problem.
D) the Coase theorem.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured or provides reimbursement for health expenses.

Incentive

A benefit, reward, or cost that motivates individuals or entities to act in a particular way.

Rugby Team

A group of players assembled to participate in rugby matches, typically consisting of fifteen players in union or thirteen in league formats.

  • Recognize the difficulties and consequences of the availability of health insurance on health care demand and costs.
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sujan chapagainNov 28, 2024
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