Explain How the United States Has Pursued a Strategy of Incremental

question 7

Essay

Explain how the United States has pursued a strategy of incremental reform to health-care policy between the mid-1960s until recently.

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Definitions:

Losses

The negative financial result from business activities when costs exceed revenues.

Gains

Increases in economic benefits, such as profit, revenue, or utility, often resulting from investments, trade, or improvements in productivity.

Precommitments

Actions taken ahead of time that make it difficult for the future self to avoid doing what the present self desires. See time inconsistency and self-control problems.

Imposed Costs

Costs that are not chosen but are forced on a party, often by external factors or requirements such as government regulations, taxes, or fines.