What Is One Cited Reason Why Healthcare Expenditures Are So

question 125

Multiple Choice

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

• A) The uninsured often delay care,but preventive treatment would have been less expensive.
• B) Medicare and Medicaid reduce the supply of medical care.
• C) Doctors know patients are likely covered by insurance,which reduces the demand for medical care.
• D) Insurance companies attempt to control medical care costs by capping expenditures.
• E) Patients covered by insurance consume too little health care.

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Definitions:

Closure Costs

Expenses associated with the termination of a business's operations, including costs for laying off staff, terminating leases, and disposing of assets.

Governmental Fund Financial Statements

Financial reports that detail the financial position and results of operations of government funds, providing insight into governmental fiscal responsibility.

Journal Entry

A written record in accounting that documents a business transaction in the general ledger.

Net Position

The difference between an entity's assets and liabilities, indicating the financial health or status of the entity.