If consumers paid the full price of medical services instead of using health insurance and third-party payers to cover part of the cost, the quantity of medical services provided would increase.

Question

Quizplus · Accepted Answer

If consumers paid the full price of medical services, it is likely that the quantity of medical services provided would decrease as patients might be unable or unwilling to bear the full cost of medical care. This is because medical services can be expensive, and many people may not seek care if they don't have insurance.

If Consumers Paid the Full Price of Medical Services Instead