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When diminishing marginal utility sets in, total utility must be negative.
Health-Care Insurance
A policy that covers the whole or part of the risk of a person incurring medical expenses, spreading the risk over numerous individuals.
Policymaking Process
The method by which governments and other authorities create and implement laws and regulations.
Affordable Health Care Act
A federal statute signed into law in 2010 aimed at expanding healthcare coverage, reducing healthcare costs, and improving system efficiency, commonly known as Obamacare.
Medicaid
A government health insurance program for individuals and families with low income and resources.
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