A major employer has just added health insurance coverage for its employees. Con

Question

A major employer has just added health insurance coverage for its employees. Consequently, 5,000 of your patients will pay a $30 copayment rather than the list price of $100 per visit. These patients average 2.2 visits per year. You believe the price elasticity of demand is between ?0.15 and ?0.35. What is your forecast of the change in the number of visits

A major employer has just added health insurance coverage for its employees. Consequently, 5,000 of your patients will pay a $30 copayment rather than the list price of $100 per visit. These patients average 2.2 visits per year. You believe the price elasticity of demand is between ?0.15 and ?0.35. What is your forecast of the change in the number of visits

Explanation / Answer

http://www.chegg.com/homework-help/questions-and-answers/1-manager-regional-health--using-estimate-price-elasticity-demand-025-ambulatory-visits-ch-q4361550

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