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Business, 18.02.2021 20:10 AdoNice

The article discusses the rising administrative costs of health care. Even if private insurance companies were more efficient and brought administrative costs down, consumers would the full cost of medical treatment. This would result in the market equilibrium price and quantity of medical services being than the efficient equilibrium price and quantity.

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The article discusses the rising administrative costs of health care. Even if private insurance comp...
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