The Impact of health insurance The graph shows the market for doctor\'s office v

Question

The Impact of health insurance The graph shows the market for doctor's office visits. In this market, the central government provides health insurance to all consumers. The government insurance plan stipulates a copayment of $80 per doctor's office visit. That is. consumers pay $80 for each doctor's appointment, and the government pays the remainder In the absence of the copayment plan, the equilibrium price would be per doctor's office visit, and the equilibrium quantity would be million visits per month. Under me copayment plan, the quantity of visit demanded by consumers is million visits per month. Doctors are willing to supply this number of office visits at a price of per visit. Therefore, the government In the absence of the copayment piarft Total payments for visits to the doctor amount to million per mounth. Under the copayment plan, total payments for visits to the doctor amount to million per month, millions of which is paid by consumers and millions of which is paid by the government. The government copayment plan might lead to an efficient outcome If visits to the doctor's office generate external

Explanation / Answer

Answers :

1) $120, 4 million

2) 6 million, $160, $ 80

3) $480 million

4) $ 960 million, $480 million, $480 million

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