Figure 7-2

Figure 7-2 represents the market for medical services with and without insurance, and the effect of a third-party payer system on the demand for medical services.
-Refer to Figure 7-2.With insurance and a third-party payer system, what price do doctors receive for medical services?

Question

Figure 7-2
  
Figure 7-2 represents the market for medical services with and without insurance, and the effect of a third-party payer system on the demand for medical services.
-Refer to Figure 7-2.With insurance and a third-party payer system, what price do doctors receive for medical services?

Quizplus · Accepted Answer

In a third-party payer system, doctors typically receive the full price for services, which is $55 in this context.

Figure 7-2 Figure 7-2 Represents the Market for Medical Services with and for Medical