Which of the Following Is a Government-Sponsored Health Care Plan

question 79

Multiple Choice

Which of the following is a government-sponsored health care plan?

• A)Medicare
• B)Medicaid
• C)Worker's Compensation
• D)A and B only
• E)A,B,and C

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Definitions:

Rising Health Care Costs

The increase in the price of services and goods within the healthcare sector over time, affecting consumers, insurers, and government budgets.

Real Wages

Wages adjusted for inflation, representing the purchasing power of income earned from work.

Fringe Benefit

Additional compensation provided to an employee beyond their regular salary, such as health insurance, pension plans, and paid time off.

Wage Controls

Government-imposed limits on the wages that can be offered or paid to workers within an economy.