Explain the difference between coinsurance and copayment. Do they have the same effect on consumers' incentives to seek less expensive care (if at all)?

Name: Explain the difference between coinsurance and copayment. Do they have the same effect on consumers' incentives to seek less expensive care (if at all)?
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The Answer of Explain the difference between coinsurance and copayment. Do they have the same effect on consumers' incentives to seek less expensive care (if at all)?

Explain the Difference Between Coinsurance and Copayment