Theoretically, the Effect of Private Health Insurance on the Price

question 148

Multiple Choice

Theoretically, the effect of private health insurance on the price and quantity of health care consumed

• A)is the same as that of public health insurance.
• B)is a lower price and a higher quantity compared to public health insurance.
• C)is a higher price and a lower quantity compared to public health insurance.
• D)is a lower price and a lower quantity compared to public health insurance.

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Definitions:

Social Security Number

A unique nine-digit number assigned to individuals in the United States for tracking earnings and benefits within the social security system.

Beneficiary

A person or entity entitled to receive benefits or funds under a will, insurance policy, retirement plan, or other contract.

Form W-4

A tax form completed by an employee to indicate his or her tax situation, such as exemptions and status, to the employer.

Dependents

Individuals, typically family members, who rely on another person, usually the primary earner, for financial support and are often covered by that person's health insurance policies.