What Is One Cited Reason Why Healthcare Expenditures Are So

question 119

Multiple Choice

What is one cited reason why healthcare expenditures are so high in the United States?

• A) Medicare and Medicaid reduce the supply of medical care.
• B) Doctors know patients are likely covered by insurance,which reduces the demand for medical care.
• C) Insurance companies attempt to control medical care costs by capping expenditures.
• D) The uninsured often seek care from emergency rooms,where medical care is more expensive.
• E) Patients covered by insurance consume too little health care.

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Definitions:

Machine Hour

A measurement of production time, counting one hour of operation of a machine or a piece of equipment for manufacturing purposes.

Sales Margin

The difference between the selling price of a product and the cost of goods sold, expressed as a percentage of sales, indicating the profitability of a product.

Fixed Costs

Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance premiums.

Product Mix

This term represents the complete range of items that a business has available for sale, highlighting diversity in product offerings.