Insurance companies use deductibles and copayments to control increases in the amount of health care demanded.

Name: Insurance companies use deductibles and copayments to control increases in the amount of health care demanded.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Deductibles and copayments are cost-sharing mechanisms that require the insured to pay a portion of their medical expenses, which can reduce unnecessary healthcare usage by making consumers more cost-conscious.

Insurance Companies Use Deductibles and Copayments to Control Increases in the Amount