(Answered) For the rand study summarized in the article by manning et

Management Studies

For the Rand study (summarized in the article by Manning et al.).

(i) How did the study ensure that sicker people were not concentrated in the most generous health insurance plan?

(ii) Which plan had higher outpatient expenses: the 25% plan or the 95% plan?

(iii) According to the Rand health insurance experiment, how price responsive is health care in the U.S.? Provide a relevant statistic.

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