Which of the following would increase the incentive of healthcare consumers to economize and help reduce the future growth of healthcare prices in the United States?
a. an increase in the share of healthcare costs paid for either directly or from personal medical savings accounts
b. subsidies that would encourage consumers to purchase low co-payment insurance plans
c. a new government program that would cover the cost of prescription drugs purchased by all healthcare consumers
d. a reduction in the eligibility age for the coverage of Medicare from 65 to 55 years of age
A
You might also like to view...
The Greenbackers' demand to back the greenback issues with gold reserves was not practical in the late 1860s
Indicate whether the statement is true or false
In the very short run
a. new firms may enter the industry. b. existing firms may change the quantity they are supplying. c. price and quantity supplied is absolutely fixed. d. quantity supplied is absolutely fixed.
Supply factors:
What will be an ideal response?
You are the chairperson of the Board of Governors of the Federal Reserve. You believe in a Keynesian model of the economy, and your goal is to keep the economy at the full-employment level of output
How would you respond (tightening or easing policy) in each of the following cases? (a) Government purchases increase (b) Corporate tax rates increase (c) Expected inflation increases (d) There's a beneficial oil price shock (and the LM curve shifts more to the right than the FE line)