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In: Economics

This is my second time posting this question. Can the answer be typed please? Its hard...

This is my second time posting this question. Can the answer be typed please? Its hard to read someones handwritten cursive response.

In recent years, many elderly people have purchased Medigap insurance policies to cover a growing Medicare copayment. These policies cover some or all of the medical costs not covered by Medicare. Use economic theory to explain how the growth of these policies is likely to influence the demand for health care by elderly people.

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