Medicare Is an Example of a Third-Party Payment for Medical

question 165

Multiple Choice

Medicare is an example of a third-party payment for medical services that

• A) causes providers to supply less of medical services than they would without the payment.
• B) causes buyers to consume more of medical services than they would without the payment.
• C) does not cause any change in the equilibrium position for medical services which existed without the subsidy.
• D) causes the price of medical services to rise for the consumer once the payment is provided.

---

Definitions:

Positive Feedback

Encouraging comments or critiques aimed at reinforcing desired behaviors or achievements.

Vitality

The state of being strong, active, and full of energy; often associated with health and vigor.

Rewarding Individual

Someone who finds fulfillment and satisfaction in their actions or achievements.

Team Performance

The level of efficiency, productivity, and quality of output produced by a group of individuals working together towards common goals.