What is one result of the Medicare subsidy?

A. The elderly population in the United States receives a lower quality of medical care than what is provided for the elderly population in other countries.
B. Patients may elect to have some treatments that are of low value to them but that are costly to provide.
C. The health care industry is more efficient than it otherwise would be.
D. The number of physicians in the United States has declined.


Answer: B

Economics

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