Question

In the "generic" healthcare market described on pg. 27 of the text, which of the following transactions is NOT included:

a. Out-of-pocket payments from consumers to providers
b. Premiums from consumers to insurers
c. Reimbursement from insurers to providers
d. Malpractice payments from the courts to consumers

Answer 1

In the generic healthcare market, malpractice payments from the courts to consumers are not included.

Step-by-step explanation:

In the "generic" healthcare market described in the text, malpractice payments from the courts to consumers are NOT included. The other transactions, such as out-of-pocket payments from consumers to providers, premiums from consumers to insurers, and reimbursement from insurers to providers, are included in the generic healthcare market.