Why Does Universal Healthcare Make Costs Go Up and Quality

question 97

Multiple Choice

Why does Universal Healthcare make costs go up and quality go down according to Ron Paul?

• A) Because doctors spend more time on paperwork and less time helping patients.
• B) Because more people use services that are provided for free.
• C) Because there aren't enough doctors and nurses to care for everyone.
• D) Because the system is administered by corrupt bureaucrats who know nothing about medicine.
• E) Because Universal Healthcare requires Universal Suffrage, which is both expensive and complicated.

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Definitions:

Cash Cycle

The period between the outlay of cash for raw materials and receiving payment from customers for goods or services, reflecting the efficiency of a company's cash management.

Paying Suppliers

The process of settling financial transactions with suppliers by transferring payment for goods or services received.

Inventory Period

The duration of time it takes for a company to sell its inventory and convert it into sales, often measured in days or months.

Slow-selling Merchandise

Items in inventory that move or sell at a slower pace than anticipated, often leading to excess stock and markdowns.