Given the Current Structure of Health-Care Finance, Which of the Following

question 59

Multiple Choice

Given the current structure of health-care finance, which of the following is most likely to occur when the baby boom generation begins to retire and the elderly population increases rapidly during the years following 2010?

• A) The demand for health-care services will decrease.
• B) The prices of health-care services will grow less rapidly than has been the case during the last three decades.
• C) The real (adjusted for inflation) expenditures on Medicare and the taxes to finance the program will tend to decline.
• D) The health-care inflation and spending growth of recent decades will continue or even accelerate.

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Definitions:

Fatalism

The belief that all events are predetermined and therefore inevitable, often leading to a sense of powerlessness.

First Nation

A term used in Canada to refer to indigenous peoples, specifically those that are not Inuit or Métis.

Hispanic

A term used to describe people, cultures, or countries historically linked to Spain, especially those countries or regions colonized by Spain in the Americas.

U.S. Census Bureau

A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy, most notably through the decennial census.