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Testimony [2] (Item)
  • for group 2 (the insured) unaltered. The new market demand curve is D'. a simple addition of the constant amount demanded by group 1 (m',) to the demand of group 2 (dj). Higher market demand boosts prices and medical output to p' and M' respectively; group 1
  • i c i e n t w h i l e meeting the needs of t h e i r customers and p a t i e n t s . Introducing these new market incentives should lower the rate of growth of health care costs. The most effective cost control known to economists i s to l e t
Testimony [1] (Item)