To reduce the social loss due to first-dollar insurance coverage of the medical treatment,

Question

Quizplus · Accepted Answer

When consumers are required to bear some of the marginal cost, they are more likely to make informed decisions about the necessity of medical treatment, leading to a reduction in unnecessary procedures that increase social loss. This helps to control healthcare costs and reduces the social loss due to overuse of medical services. Therefore, the best choice is D.

To Reduce the Social Loss Due to First-Dollar Insurance Coverage