A Single Payer System Is Described by All of the Following

question 3

Multiple Choice

A single payer system is described by all of the following except:

• A) it is the financing of the costs of delivering universal care.
• B) the entire population is covered.
• C) a single insurance pool is used to pay costs.
• D) this is the system in the U.S.

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Definitions:

Specialization

The use of the resources of an individual, a firm, a region, or a nation to concentrate production on one or a small number of goods and services.

Total Output

The total amount of goods or services produced by an economy, industry, company, or individual over a specific period.

Continued Losses

Ongoing financial deficits where expenses exceed revenues over a period of time.

Distribution of Income

The way in which a nation’s total income is spread among its population, affecting economic stability and growth.