Please Just find some articles related to the RAND Health Insurance Experiment and then answer the...

Please Just find some articles related to the RAND Health Insurance Experiment and then answer the following questions.

Summarize the RAND study including its purpose, duration, and funding sources
What questions did the RAND study attempt to answer?
How does the RAND study illustrate the characteristics of health policy research?
What specific contributions did the RAND study make to health policies regarding health insurance?

Expert Solution

RAND health insurance expiriment was an expirimental study from 1974 to 1982 of health care cost utilization and outcomes in the United States whuch assigned people form randomly to difrent kinds of plans and followed their behaviour. Because it was a randomized controlled trial it provided stronger evidence that the more common observational studies and conclude that cost sharing reduced inapropriate or unnecessory medical cae but also reduce appropriate or needed medical care.

The expiriment reinforces relation between growth of third party reimbursement and increasing health care costs , Cost sharing is a common plans involve different degree of cost sharing, This found that cost sharing results in low cost in comparison to free plan.

Because it was randomized controlled trial it provided stronger evidence than the more commonn observational studies and concluded that cost sharing reduced inapropriate or unnecessary medical care but also reduced appropriate or needed medical care.

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Nightingale answered 2 years ago

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