Examlex
Gross domestic product (GDP)does not reflect many things that individuals do for themselves.
Medical Technology
The application of scientific knowledge and devices to improve healthcare, including diagnostics, treatment, and patient care.
Medicare Subsidies
Financial support provided by the government to help lower the cost of Medicare for eligible individuals.
Demand for Health Care
The total amount of health care services that consumers are willing and able to purchase at a given price level.
Price-Inelastic
A characteristic of a product or service whose demand does not significantly change with a change in its price.
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