Which of the Following Features of the Single-Payer System of Health

question 47

Multiple Choice

Which of the following features of the Single-Payer system of health care administration do its supporters argue will reduce health care costs?

• A)Reduction of administrative costs, such as billing and office staff.
• B)Abolition of private, for-profit health insurers.
• C)Centralization of administration.
• D)All of the above

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Definitions:

Production Incentives

Rewards or incentives designed to encourage increased productivity or output by employees or companies.

Marginal Productivity Theory

An economic theory that suggests the price of a factor of production (like labor or capital) is determined by its marginal productivity, or the additional output generated by one more unit of the factor.

Total Output

The total quantity of goods and services produced by an economy, a company, or a sector during a specific period.