Under the Current Structure of Medicare, Economic Theory Indicates That

question 30

Multiple Choice

Under the current structure of Medicare, economic theory indicates that the movement of the baby boom generation into the retirement phase of life during the years following 2011 will

• A) reduce the share of healthcare services paid for by a third party.
• B) push both healthcare prices and expenditures upward.
• C) increase the incentive of suppliers to provide healthcare services at a low cost.
• D) increase the incentive of consumers to economize on their use of healthcare.

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Definitions:

Median

The middle value in a set of data when arranged in ascending order.

Even Number

An integer that is exactly divisible by 2.

Scores

The quantitative outcomes or measurements that are obtained from tests, assessments, or evaluations.

Two Middle Scores

The median values in a data set, which are the two central numbers in an ordered sequence when the total number of observations is even.