The structure of incentives built into standard comprehensive health insurance gives no one an incentive to control health care costs.If the patient and the doctor lack any incentive to consider costs,will the output of medical services be higher or lower than if they did consider costs? Illustrate your answer with a diagram.Clearly label the welfare cost resulting from the over-consumption of medical services.

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The Answer of The structure of incentives built into standard comprehensive health insurance gives no one an incentive to control health care costs.If the patient and the doctor lack any incentive to consider costs,will the output of medical services be higher or lower than if they did consider costs? Illustrate your answer with a diagram.Clearly label the welfare cost resulting from the over-consumption of medical services.

The Structure of Incentives Built into Standard Comprehensive Health Insurance