When Comparing the Healthcare System in France with That in the United

question 145

Multiple Choice

When comparing the healthcare system in France with that in the United States,one of the key differences is that

• A) the French are able to obtain lower overall healthcare costs because the government is the only payer of healthcare expenses,and there is no private insurance.
• B) the French are able to obtain lower overall healthcare costs because the government pays for most medical care,and private health insurance is held by nearly all to cover the remainder of needed medical care.
• C) Americans are able to obtain lower overall healthcare costs because of the lack of government involvement.
• D) Americans are able to obtain lower overall healthcare costs because most people have insurance.
• E) the French are able to obtain lower overall healthcare costs because the French are discouraged from making use of costly procedures for serious healthcare conditions.

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Definitions:

Fair Return

A profit level that allows a business to maintain its operations and justify the risk of investment, often considered in regulatory contexts.

Regulatory Commission

A government body responsible for setting and enforcing rules and regulations in a specific sector to protect public interest.

Economies of Scale

The advantages in cost that companies receive owing to their operational magnitude, with the expense per produced unit generally diminishing as the scale of operations broadens.

Natural Monopoly

A market condition where the cost of production is minimized by having a single firm produce the product, due to high fixed or startup costs.