home economics

posted by .

Assume that the monthly premium for manage care increases from $10 to $16, and that increase prompts a 60 percent of a health plan's employees to switch to another plan. Based on this empirical evidence, we could say that the elasticity of manage care insurance is equal to???

  • home economics -

    I got it.... -1.0

  • home economics -

    good job
    that is correct!

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. HMO

    Please check my answer thank you You belong to an HMO By paying the HMO premium and being treated through the HMO you're helping to 1 provide more managed care options for enrollees 2. control plan costs for everyone 3. decrease managed …
  2. Health care

    Please check my answer thanks :) Pick pick the best answer to the following question. You belong to an HMO. By paying the HMO premium and being treated through that HMO, you are helping to.. 1. increase plan enrollment 2. decrease …
  3. Health insurance plan

    My kids just got approved for healthcare coverage through medicaid. They are asking me to choose a plan from the following: Staywell Health Plan of Florida, United Healthcare of Florida, AMERIGROUP Community Care, HealthEase of Florida, …
  4. reimbursement methodologies

    Can someone please double check my answers. Any feedback would be greatly appreciated..Thanks 1. By creating a committee on social welfare, the American Association of Labor Legislation helped to A. decrease public hospital costs. …
  5. Reimbursement Methodologies

    Would someone check my answers please, thanks for any help.. 1. By creating a committee on social welfare, the American Association of Labor Legislation helped to A. decrease public hospital costs. B. implement fee schedules. C. implement …
  6. reimbursement methodologies

    I read over my answers and re-done them, could someone please check them again for me.. Thanks in advance 1. By creating a committee on social welfare, the American Association of Labor Legislation helped to A. decrease public hospital …
  7. economics

    which of these is most likely favored by both management of labor?
  8. introduction to health care

    the term universal in the canda health act means that a.all canadiands must pay into the system b.all residents of a given province are covered under that's provinces health care plan c.a Canadian resident can be covered by the health …
  9. Economics

    Which of these is most likely favored by both management and labor?
  10. math

    Raj is deciding between two cell phone plans, A and B, which are both linear functions. The monthly charge for plan A according to the number of minutes used is shown in the table. Monthly Charge for Plan A Minutes used, x Monthly …

More Similar Questions