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Victoria87 Victoria87
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2 years ago
Universal Insurance

The graph shows the supply and demand curves for health care in a country that has universal coverage and a single payer.

Assume that P1=$0, P2=$150, P3=$440, Q1=160, Q2=530, and Q3=895. In a universal coverage, single payer system everyone is covered by health insurance with no exceptions and no excluded preconditions and the government pays for all healthcare bills. This type of system results in a ________ (surplus/shortage) of ________.

▸ surplus, 365

▸ shortage, 365

▸ surplus, 370

▸ shortage, 370
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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krissyc39krissyc39
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