Economists John Cogan, Glenn Hubbard, and Daniel Kessler Have Estimated

question 1

Multiple Choice

Economists John Cogan, Glenn Hubbard, and Daniel Kessler have estimated that repealing the tax preference for employer-provided health insurance would

• A)significantly reduce the effectiveness of the health care received by those enrolled in these programs.
• B)increase overall spending on health care as consumers would have to pay a higher price for medical services.
• C)drive up prices for health care coverage since insurance reimbursements to doctors would be reduced.
• D)reduce spending by people enrolled in these programs by 33 percent.

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Definitions:

Ethical Concerns

Matters or situations involving principles of right and wrong behavior that require individuals or organizations to evaluate and act according to ethical standards.

Market Segments

Division of a market into distinct groups of buyers with different needs, characteristics, or behaviors who might require separate products or marketing mixes.

Older Adults

Individuals who are in the later stages of their life, often considered to be 65 years of age or older.

B₂B Market

Refers to the exchange of goods, services, or information between businesses, rather than between businesses and consumers.