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PUBLIC PROVISION OF MEDICAL CARE
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91st Congress actuarially additional unit aged annount argument assume assumption average cent coinsurance community provision community-demand curve consume consumption of medical copayment coverage deductible demand curve Economic efficiency eligible equilibrium estimate example exceed excess expenditure external benefits families fees finance fraction ginal health insurance Health Service hospital illness income effects increase inefficient limits marginal cost marginal externalities maximize maximum medi Medicaid medical assistance medical expenses medically indigent Medicare ment monopoly moral hazard National Health National Health Service nonoptimal notion obtain optimal amount optimal insurance optimal quantity output overuse paid Pareto optimality patient payments persons physicians premium price of medical produced provision of medical public provision purchase reach optimality receive reduce result risk aversion scheme sense situation Social Security subsidy suggest tax liability Theoretical Appendix tion units of medical usage utility welfare Welfare Economics zero price