Which of the Following Reforms Could Potentially Reduce Spending on Health

question 150

Multiple Choice

Which of the following reforms could potentially reduce spending on health care without reducing the effectiveness of health care received?

• A)nationalize health care so that all health services are government funded and operated
• B)give every citizen a fixed amount of money that can only be spent on health care services
• C)reimburse consumers for preventive health care expenditures so as to avoid costly emergency medical treatments in the future
• D)standardize the tax treatment of employer-based health insurance benefits and private spending on health care

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Definitions:

Subjective Impossibility

A situation where a party to a contract feels personally unable to perform their obligations, but the performance may still be possible by someone else.

Commercial Impracticability

A legal doctrine allowing parties to suspend or terminate their contractual obligations when unexpected events fundamentally alter the nature of the contract and performance becomes unfeasibly burdensome.

Substantial Performance

A concept in contract law where a party has completed enough of the contract to warrant payment, though some minor elements may still need to be finished.

Construction Industry

A sector of the economy focused on the planning, designing, and building of infrastructure and buildings.