The Greatest Challenge Facing the Health Care System in the United

question 43

Multiple Choice

The greatest challenge facing the health care system in the United States is​

• A) ​too many physicians.
• B) ​pressure from drug companies to lower costs.
• C) ​escalation in the costs of health care.
• D) ​the growing attitude of consumerism among patients.

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Definitions:

Explicit Costs

Direct, out-of-pocket payments for resources employed in the production of goods or services, such as wages, rent, and materials.

Wages

Monetary compensation paid by an employer to an employee in exchange for work performed.

Total Loss

The situation in which the cost of repairing a damaged asset exceeds its value, or when an asset is completely destroyed or lost.

Firm

An organization or business entity engaged in commercial, industrial, or professional activities.