Asked by
Ongeziwe Gladile
on Nov 26, 2024
Verified
For many years, the price of medical care in the United States has
A) risen at the same rate as the overall price level.
B) risen at a faster rate than the overall price level.
C) risen, but at a slower rate than the overall price level.
D) fallen.
Price Of Medical Care
The total cost incurred for medical services, treatments, or interventions, including hospital charges, physician fees, and medication prices.
Overall Price Level
The aggregate or average level of prices of goods and services in an economy, often considered in terms of inflation or deflation.
- Understand the dual challenges plaguing the U.S. health care sector: escalating expenses and inequitable availability.
- Comprehend the basic and financial difficulties faced by the U.S. health care system, such as excessive use and how variations in price affect consumer demand.
Verified Answer
SL
Learning Objectives
- Understand the dual challenges plaguing the U.S. health care sector: escalating expenses and inequitable availability.
- Comprehend the basic and financial difficulties faced by the U.S. health care system, such as excessive use and how variations in price affect consumer demand.