Why would people opt to pay twice for healthcare service

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Question 1: In Britain, everyone has the right to healthcare provided by the National Health Service, paid for out of tax revenues. Nevertheless, two-thirds of British citizens earning more than $80,000 per year currently purchase private health insurance. Why would these people opt to pay ‘twice" for healthcare services? (Note that in America parents do send their children to private schools K thru 12.)

Question 2: What do we mean when we say that industrial policy leads to inefficient use of resources?

Reference no: EM132927276

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