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Determining the model of demand for insurance

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Reference no: EM131776227

Question: Discuss the following - What feature(s) of Medicare would cause an economist to say that "Medicare stinks as insurance"? Medicare supplement insurance is available from the commercial market and most commonly covers ‘up-front' deductibles and least commonly covers "high-end" risks. Does this model of coverage afford well or poorly with the model of demand for insurance that is ideal for economists?

Reference no: EM131776227

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