Asked by Ruben Martinez on Jun 14, 2024
Verified
Because of health insurance, resources are underallocated to the health care industry.
Underallocated Resources
Refers to a situation where resources are not being used to their full potential within an economy, often resulting in inefficiencies and lost output.
Health Care Industry
Comprises sectors that provide goods and services to treat patients with curative, preventive, rehabilitative, and palliative care.
- Understand the monetary effects that healthcare costs have on people and the economic landscape.
Verified Answer
RL
Rhonda LittlesJun 15, 2024
Final Answer :
False
Explanation :
Health insurance typically increases demand for health care services, leading to more resources being allocated to the health care industry, not less.
Learning Objectives
- Understand the monetary effects that healthcare costs have on people and the economic landscape.
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