In the United States,consumers usually pay less than the true cost of medical treatment because of

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Third-party payers, such as insurance companies or the government, often cover a significant portion of medical costs, reducing the amount consumers have to pay out of pocket. This can result in consumers paying less than the true cost of treatment. Adverse selection refers to the tendency for sicker individuals to purchase more insurance, while rising insurance premiums and deductibles would typically result in consumers paying more for medical treatment.

In the United States,consumers Usually Pay Less Than the True