Which of the Following Statements About Health-Care Systems Is Correct

question 82

Multiple Choice

Which of the following statements about health-care systems is correct?

• A) Most major nations do not have extensive government-funded insurance programs.
• B) U.S. expenditure per person on health care is near the middle of the range of expenditures made in major nations.
• C) Unlike other major nations, private health insurance is available only in the United States.
• D) In the United States, Medicare and Medicaid account for slightly less than 90 percent of total expenditures on health care.
• E) Every major country except the United States has a comprehensive national health-care system.

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Definitions:

Risk Averse

A description of an individual or entity that prefers to avoid risk and chooses options that have lower uncertainty and potential for loss.

Von Neumann-Morgenstern

A theory of expected utility, which provides a foundation for making rational decisions under uncertainty.

Probability

The quantification of the probability of an event happening, represented by a numerical value ranging from 0 to 1.

Total Income

The sum of all earnings or revenue generated by an individual or entity, including wages, investment returns, and other sources.