Sometimes lead to lower costs of providing health insurance

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Reference no: EM131107783

a. Please Explain why someone may make the following seemingly contradictory statement: “High administrative costs are good because they sometimes lead to lower costs of providing health insurance.”

b. Mangaged care plans tend to lower health care costs, yet the level and growth of managed care premiums are similar to those of traditional fee-for-service insurance plan. How can that be explained?

c. Explain why economic profits are under monopolistic competition in the long run.

Reference no: EM131107783

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