What Is One Result of the Medicare Subsidy

question 187

Multiple Choice

What is one result of the Medicare subsidy?

• A) The health care industry is more efficient than it otherwise would be.
• B) Patients may elect to have some treatments that are of low value to them but that are costly to provide.
• C) The elderly population in the United States receives a lower quality of medical care than what is provided for the elderly population in other countries.
• D) The number of physicians in the United States has declined.

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Definitions:

Full Disclosure

The obligation to reveal all relevant details of a transaction.

Consideration

The value (such as money, services, or goods) that is exchanged between parties in a contract.

Void

A term describing a contract or legal action that is null, having no legal force or effect from the outset.

Ratification

The formal approval of an agreement or treaty by authoritative body, making it officially valid.