Economists Who Support Market-Based Reforms for Health Care Believe That

question 69

Multiple Choice

Economists who support market-based reforms for health care believe that increased competition among providers of health care would

• A)decrease costs but decrease economic efficiency.
• B)decrease costs and increase economic efficiency.
• C)increase costs but increase economic efficiency.
• D)increase costs and decrease economic efficiency.

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Definitions:

Broker

A person or firm that acts as an intermediary between a buyer and seller, usually charging a commission.

Multiple Insurance Clause

A provision in insurance policies that outlines how claims will be handled when more than one policy covers the same loss.

Fidelity Insurance

A form of insurance coverage that protects businesses from losses due to fraudulent acts by employees, such as embezzlement or theft.

Proportionate Share

An individual's or group's fair or equitable portion of a whole, often related to shares in a company or distribution of assets.