Insurance
A fixed amount of out-of-pocket costs
patient-physician relationship is also known as
The finiteness of medical resources is also known as
What is scarcity?
monthly expense for insurance
What is a premium
imperfect information is also
information asymmetry
What is the largest supply needed in healthcare?
what is labor?
how many states have not expanded medicaid?
what are 10 states?
lack of incentive to guard against risk where one is protected from its consequences
what is moral hazard?
What is the market for Cars? (Akerloff's Market for Lemons)