Asked by
Krishia Dianne Bendol
on Dec 11, 2024
Verified
Growth in the share of health-care expenditures covered by third parties (for example, insurance or government programs) will
A) place downward pressure on the prices of health-care services.
B) reduce the incentive of suppliers to provide consumers with health-care services at a low cost.
C) make consumers more sensitive to the price of health-care services.
D) make it easier to control the growth of health-care expenditures.
Third Parties
Individuals or entities that are not directly involved in a transaction or agreement but may be affected by it or have interests in its outcome.
Health-Care Expenditures
The total amount of money spent on health care services and products within a country or region, including public and private spending.
- Learn how subsidies and third-party payments affect the prices of healthcare and motivate consumers to cut back on expenditure.
Verified Answer
JS
Learning Objectives
- Learn how subsidies and third-party payments affect the prices of healthcare and motivate consumers to cut back on expenditure.
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