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 decrease.

Question

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If consumers paid the full price of medical services, they would likely be more selective in their use of medical services and limit their utilization in order to save costs. This would decrease the quantity of medical services provided since demand for expensive medical services would decrease.

If Consumers Paid the Full Price of Medical Services Instead