Asked by dorian hawthorne on Apr 27, 2024
Verified
In recent decades, the cost of health care has
A) risen fast due to both rising prices and increasing quantities of services consumed.
B) risen solely because of rising prices of health care goods and services.
C) remained somewhat stable due to rising prices but falling quantities of services consumed.
D) risen solely because of rising quantities of medical goods and services consumed.
Health Care Costs
The expenses associated with medical care, including the costs of treatments, medications, hospital stays, and administrative fees.
- Recognize the primary problems and obstacles present in the U.S. healthcare system.
Verified Answer
JK
Jennifer KoorsApr 28, 2024
Final Answer :
A
Explanation :
The cost of health care has increased due to both the rising prices of health care goods and services and the increasing quantities of services consumed. This reflects broader trends in health care economics where both demand factors (such as an aging population requiring more care) and supply factors (such as the introduction of new, more expensive medical technologies) contribute to overall cost increases.
Learning Objectives
- Recognize the primary problems and obstacles present in the U.S. healthcare system.