The Medically Uninsured May Wait Until Their Illness Reaches a Critical

question 155

Multiple Choice

The medically uninsured may wait until their illness reaches a critical stage before going to the hospital for admittance or emergency care. Hospitals in the U.S. provide how much of these uncompensated, or "free," health care services per year?

• A) about $6 billion
• B) about $12 billion
• C) about $40 billion
• D) about $65 billion

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Definitions:

Sell Bonds

The act of disposing of bonds in exchange for cash before they mature.

Company

An organization or entity engaged in commercial, industrial, or professional activities, either for-profit or nonprofit.

Fisher Effect

An economic theory proposing that the real interest rate is independent of monetary measures, particularly the nominal interest rate and expected inflation.

Nominal

Refers to the face value of a financial instrument or the expressed value of a currency without adjusting for inflation.