Relative to other developed countries, Germany has been successful in controlling excess health care spending. Which of the following has not been one of the major contributing factors?
a. The fact that Germans see their physicians less often, consume fewer prescription drugs, have lower hospital admission rates than their counterparts in other highly developed countries, and spend more time in the hospital
b. The strict division between ambulatory care and hospital care, with most physicians prohibited from treating patients in both settings
c. Legislation that limits the growth of health care spending to the growth of wages and salaries
d. The explicit tradeoff between service volume and price that keeps overall spending under global budget limits
e. A budget-capping mechanism that sets limits on per patient spending by each physician
a. The fact that Germans see their physicians less often, consume fewer prescription drugs, have lower hospital admission rates than their counterparts in other highly developed countries, and spend more time in the hospital
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Refer to the above table. The marginal utility of the 6th movie for Michael is
A. 40 units of utility. B. 30 units of utility. C. 35 units of utility. D. 25 units of utility.
Refer to Table 18.1. The opportunity cost of a hat in Panama is
A) 1/2 of a glove. B) 3/4 of a glove. C) 4/3 gloves. D) 2 gloves.
If average cost is decreasing,
A) marginal cost equals average cost. B) marginal cost exceeds average cost. C) marginal cost is less than average cost. D) Not enough information is provided.
In the mid-1970s, changes in oil prices greatly affected U.S. inflation. When oil prices rose, the U.S. would experience:
A. Cost-push inflation and rising output B. Demand-pull inflation and rising output C. Cost-push inflation and falling output D. Demand-pull inflation and falling output