Use the Following to Answer Question(s): Third-Party Payers

question 61

Multiple Choice

Use the following to answer question(s) : Third-Party Payers

-(Exhibit: Third-party payers) At a price of $60 with a third party payer, the total cost of health-care services compared to the price that would prevail if there were no third-party payers has:

• A) decreased from $180 million to $80 million.
• B) increased from $80 million to $180 million.
• C) decreased from $180 million to $80 million, and consumers pay $60 million
• D) increased to $180 million, and insurance pays $60 million.

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Definitions:

International Politics

The study of interactions, conflicts, and cooperation among countries, including diplomacy, war, trade, and treaties.

Cultural Imperialism

The practice of promoting and imposing a culture, usually that of a more powerful nation, over a less dominant society; this can involve the spread of cultural practices, media, language, or products.

Neoliberal States

Neoliberal states refer to countries that prioritize market-oriented reforms, such as privatization, deregulation, and reductions in government spending, to foster economic growth.

Capital Accumulation

The process by which wealth is created and accumulated in a capitalist system, often through reinvestment of profits to generate more wealth.