Which of the Following Would Encourage Consumers to Economize on Their

question 85

Multiple Choice

Which of the following would encourage consumers to economize on their use of healthcare and producers to provide it more efficiently?

• A) A reduction in out-of-pocket healthcare expenditures.
• B) Government subsidies that encourage people to purchase health insurance policies with first-dollar coverage and small co-payments.
• C) Medicare reform that at least partially substituted defined benefits (funds that could be used to pay for healthcare or the purchase of insurance) for the present cost reimbursement system.
• D) All of the above.

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Definitions:

Upper-Class White

A socio-demographic term referring to individuals who belong to the highest socioeconomic class within a given society and who are of Caucasian ethnicity.

Reaction Range

The concept that genetic potential limits the extent to which an environment can influence the expression of a trait, with individuals varying in their response to the same environment.

Middle-Class Minority

A demographic group within the middle class that is part of a racial, ethnic, or cultural minority.

Practical Intelligence

The ability to solve everyday problems by utilizing knowledge gained from experience, rather than through formal academic instruction.