Which of the Following Financed the Largest Share of Health

question 134

Multiple Choice

Which of the following financed the largest share of health care spending in the U.S. in 2014?

• A) Medicare
• B) Medicaid
• C) copayments and deductions paid by patients
• D) military and other public insurance (excl. Medicare and Medicaid)

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Definitions:

Approximate Price

An estimated cost given for a product or service, offering a ballpark figure that may not account for detailed specifics or potential changes.

Bundle

A marketing strategy that involves offering several products or services together as a combined package, usually at a lower price than they would cost individually.

Final Price

The total amount charged for a product or service, including all taxes, fees, discounts, and additional charges, at the point of sale.

Cost, Volume, Profit

An analysis tool used in managerial accounting to determine how changes in costs and sales volume affect a company's profit.