Which of the Following Is NOT Required to Control the Rate

question 24

Multiple Choice

Which of the following is NOT required to control the rate of increase in healthcare costs?

• A) Cost must be better understood
• B) Budgets must provide incentives to control costs
• C) Employees must internalize the idea that value is output/cost
• D) All of the preceding must occur to control future healthcare costs

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Definitions:

Competitive System

An economic system where multiple businesses or entities vie for the same market share, promoting innovation and consumer choice.

Private Sector

The part of the economy that is not controlled by the government and is run by individuals and companies for profit.

Government Failure

Misallocation of resources in the public sector.

U.S. Income Tax

A tax levied by the federal government of the United States on the annual income of individuals, corporations, trusts, and other legal entities.