Which Statement Is True About the Cost of Health Care

question 72

Multiple Choice

Which statement is true about the cost of health care for older adults?

• A) In the United States, government health-care spending decreases with age.
• B) According to current estimates, the cost of Medicare will be cut in half by 2030.
• C) Older Americans spend several times as much on health care as their counterparts do in other industrialized nations.
• D) Older adults make up 14 percent of the U.S. population but account for half of the government health-care costs.

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Definitions:

Sales

The total amount of goods or services sold by a company during a specific time period, generating revenue.

Percent Of Increase

A measure expressed as a percentage that indicates the degree to which a quantity grows relative to its previous value.

Comparative Balance Sheet

A balance sheet listing financial condition for two or more years in a side-by-side manner. This format allows the reader to make quick comparisons between the two balance sheet dates.

Net Increase

The amount by which something grows or rises, after accounting for any decreases.