One of the most serious weaknesses in traditional Medicare is that:
a. patients must pay a deductible every time they enter the hospital.
b. the definition of an episode of illness is too restrictive.
c. Part B is voluntary.
d. patients are not able to choose their own physicians.
e. it provides poor insurance coverage for unusually long hospital stays.
e. it provides poor insurance coverage for unusually long hospital stays.
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The law of demand states that, all else held constant,
A. price and quantity demanded are inversely related. B. the larger the number of buyers in a market, the lower the product price will be. C. consumers will buy more of a product at high prices than at low prices. D. price and quantity demanded are directly related.
A firm's demand curve for labor shifts when the
a. price of its output changes. b. wage rate changes. c. number of available workers changes. d. All of the above are correct.
Some people do not engage in free riding, even when there is no cost or chance or reprisal. Discuss why?
What will be an ideal response?
When a $100 bill is printed by the Fed, the Fed has a financial liability because the:
A. Fed issued the bill. B. bill will not be counted as part of M1. C. Fed is part of the government. D. Fed has the printing machine.