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Tommie Trujillo
on Dec 11, 2024

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As third-party payments and government expenditures on healthcare increased following the passage of Medicare and Medicaid,

A) total expenditures on healthcare declined.
B) the incentive of consumers to economize on their use of healthcare services increased.
C) the incentive of suppliers to provide healthcare services at a low cost increased.
D) both the prices of healthcare services and total expenditures on those services increased rapidly.

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

Medicaid

A government-sponsored program in the United States that provides healthcare services to low-income individuals and families.

Healthcare Services

Professional care services that aim to maintain or improve an individual's health.

  • Evaluate the interplay between economic theories and third-party payment structures, concentrating on their impact on healthcare cost and financial outlay.
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Jacob NanceDec 14, 2024
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