How does the substitution of third-party payments


Problem

How does the substitution of third-party payments by insurance companies and the government for the out-of-pocket purchase of health care by consumers influence the demand and price of medical services? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How does the substitution of third-party payments
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