1
answer
0
watching
72
views
28 Sep 2019
Your patient's insurance plan requires a $5 copay for the generic drug, with a price at the pharmacy of $10, that you are prescribing for her. The (virtually equivalent) brand name drug, priced at $160, requires her to pay a 20% copay.
a. The two drugs in this example are (pick one)
__ substitutes for each other
__ complements for each other
___ outputs of production
b. What are these tiered prices intended to do for her insurance company's payout for its policy holders, their premiums, and ultimately health care costs? Comment briefly on how economic theory has been applied to this area of health care consumption.
Your patient's insurance plan requires a $5 copay for the generic drug, with a price at the pharmacy of $10, that you are prescribing for her. The (virtually equivalent) brand name drug, priced at $160, requires her to pay a 20% copay.
a. The two drugs in this example are (pick one)
__ substitutes for each other
__ complements for each other
___ outputs of production
b. What are these tiered prices intended to do for her insurance company's payout for its policy holders, their premiums, and ultimately health care costs? Comment briefly on how economic theory has been applied to this area of health care consumption.
Kritika KrishnakumarLv10
28 Sep 2019
