Asked by
2K19/DMBA/66 PRADHUMN DHAKAD
on Dec 11, 2024Verified
During the last four decades, the share of health-care expenditures paid for by third parties (either the government or insurance companies)
A) has remained relatively constant.
B) fell from approximately 60 percent in 1960 to 75 percent in recent years.
C) increased from approximately 45 percent in 1960 to over 85 percent in recent years.
D) declined during the 15 years following the passage of Medicare but has been increasing since 1980.
Health-Care Expenditures
Refers to the total amount of spending on health care services and products in a given period, including public and private expenditures.
Government
An organized system that establishes rules and regulations and provides services to the community; it is responsible for the political direction and control over a community, society, state, or nation.
Insurance Companies
Businesses that provide coverage, mitigating financial risks through the pooling of premiums.
- Familiarize oneself with the contribution and consequences of third-party payments in the health sector.
Verified Answer
BS
Learning Objectives
- Familiarize oneself with the contribution and consequences of third-party payments in the health sector.