Statement I: America leads the world in medical administrative cost and amount of time wasted filling out forms.
Statement II: Health care costs are 20 percent of our GDP.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Medical Administrative Cost

Expenses associated with the administration of medical services, such as billing and insurance processing.

GDP

Gross Domestic Product, a standard measure of a country's economic health, indicating the total value of all goods and services produced over a specific time period.

Health Care Costs

The expenses related to medical care, including the cost of procedures, medications, treatments, and hospital stays.