Which of the Following Helps Explain the Escalating Costs Associated

question 33

Multiple Choice

Which of the following helps explain the escalating costs associated with Medicare?

• A)The payment formula for Medicare benefits is rigged to increase faster than the rate of inflation.
• B)The housing crash of 2007-09 meant that more senior citizens qualified for Medicare because they lacked income or assets.
• C)In 2007 Congress reduced the age of eligibility for Medicare, so the number of recipients increased.
• D)In 2003, Congress added a prescription drug benefit to Medicare without any offsetting cost savings.
• E)Most baby boomers have a long history of drug abuse that drives up the cost of their care.

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Definitions:

Serial Position Effect

The cognitive bias that results in better recall of items at the beginning and end of a list than those in the middle.

Retroactive Interference

A cognitive phenomenon in which newer memories interfere with the recall of older memories.

Recency Effect

The psychological phenomenon where the most recently presented items or experiences are more likely to be remembered than those presented earlier.

State-dependent Memory

The occurrence where data acquired while in a specific emotional condition (for example, joy or sorrow) is more readily remembered when one is again in that emotional state.