How do the findings from Rand Health Insurance Experiment reinforce the relationship between growth in third-party...

How do the findings from Rand Health Insurance Experiment reinforce the relationship between growth in third-party reimbursement and increase in health care costs? Explain.

Expert Solution

The Rand health insurance experiment shows that the concept of cost sharing has reduced both necessary and unnecessary utilisation without impacting health outcomes. This is related to moral hazard wherein consumers who were insured tend to go to doctors more often which led to higher utilization and expenses.

The study showed that those health insurance which had low cost sharing did not adversely impacted health but it definitely led to higher spending on health care. And higher cost sharing would lead to lower overall costs.

jeff jeffy answered 2 years ago

One curious finding from the RAND Health Insurance Experiment was that the rate of treated bone...

One curious finding from the RAND Health Insurance Experiment was that the rate of treated bone fractures per capita was higher in the group of families that had been assigned to the free insurance plan, compared with those in the high copayment plans. Concisely describe how the Grossman model might explain the fact that people facing higher prices for health care would break bones less often.

Data from the Rand Health Insurance Experiment indicated that: price has no impact on the utilization...

Data from the Rand Health Insurance Experiment indicated that: price has no impact on the utilization of health care. increased price is related to increased use of health care. increased price is related to decreased use of health care. increased price first increases, then decreases use of health care. None of the above.

One interesting result from RAND Health Insurance Experiment was that the rate of treated bone fractures...

One interesting result from RAND Health Insurance Experiment was that the rate of treated bone fractures per capita was higher in the group of families that had been assigned to the free insurance plan, compared to those in the high cost plan. Please describe how the Grossman model might explain the fact that people facing higher prices for health care would break bones less often.

If all you had were the results from the RAND health insurance experiment, what policy recommendations...

If all you had were the results from the RAND health insurance experiment, what policy recommendations would you make concerning the provision of health insurance? Explain. How certain would you be of your conclusions?

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

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The RAND Health Insurance Experiment found that inpatient and outpatient care were complements. What implications does...

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how do third party payers influence healthcare reimbursement in healthcare organizations.

Discuss the relationship between social determinants of health, health promotion, and prevention. How do these factors...

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What is the relationship between covered condtions and covered services in health insurance plans?

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