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.

Expert Solution

Solution(s):

THe answer is C-) increased price is related to decreased use of health care.

Rand health insurance experiment . because it is an experimented study of health cost utilization and outcomes in the United States. and it been found that increased price is related to decreased use of health care.

Rahul Sunny answered 2 years ago

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