Asked by
Chelsea Waris
on Dec 11, 2024Verified
During the last three decades, the real (adjusted for inflation) expenditures
A) on Medicare have grown rapidly, but the real expenditures on Medicaid have been virtually constant.
B) on the Medicare program have been virtually constant but the real expenditures on Medicaid have increased substantially.
C) on both Medicare and Medicaid have increased substantially.
D) on both Medicare and Medicaid have been virtually constant.
Real Expenditures
Spending adjusted for inflation, which reflects the actual purchasing power of money on goods and services, providing a more accurate measure of economic activity.
Medicare
A federal program in the United States that provides health insurance to people who are 65 or older, and to younger people with certain disabilities.
Medicaid
A joint federal and state program that helps with medical costs for some people with limited income and resources.
- Understand the growth and implications of Medicare and Medicaid expenditures.
Verified Answer
CH
Learning Objectives
- Understand the growth and implications of Medicare and Medicaid expenditures.