The Growth of Third-Party Payments (Payments by Insurers and the Government)

question 213

Multiple Choice

The growth of third-party payments (payments by insurers and the government) of healthcare services during the last four decades has been accompanied by

• A) a reduction in expenditures on healthcare as a share of the economy.
• B) an increase in the sensitivity of consumers to the prices of healthcare services.
• C) persistent increases in the prices of healthcare services and rapid growth in the total expenditures on healthcare.
• D) an increase in the incentive of suppliers to provide healthcare services at a low cost.

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Definitions:

Purchase Choice

The decision made by consumers regarding which products or services to buy.

Brands of Jam

Various companies or labels under which jam, a sweet spread made from fruit and sugar, is marketed and sold.

Ignorance

The lack of knowledge, understanding, or information about a particular subject or fact.

Confidence

The feeling or belief in one's abilities or qualities, leading to a sense of self-assurance.