Among other things, the Affordable Care Act in America has expanded the number of individuals with health insurance. In addition, there have been incentives for providers to enhance their IT systems, which have the potential to lower costs. Assuming the cost-savings are realized, what will happen to the market for healthcare? a. Americans will receive more healthcare, but the price of healthcare could increase, decrease, or stay the same. b. Americans will receive less healthcare, but the price of healthcare could increase, decrease, or stay the same. c. The price of healthcare will decrease, but the amount of healthcare Americans will receive could increase, decrease, or stay the same. d. The price of healthcare will increase, but the amount of healthcare Americans will receive could increase, decrease, or stay the same.
Among other things, the Affordable Care Act in America has expanded the number of individuals with health insurance. In addition, there have been incentives for providers to enhance their IT systems, which have the potential to lower costs. Assuming the cost-savings are realized, what will happen to the market for healthcare? a. Americans will receive more healthcare, but the price of healthcare could increase, decrease, or stay the same. b. Americans will receive less healthcare, but the price of healthcare could increase, decrease, or stay the same. c. The price of healthcare will decrease, but the amount of healthcare Americans will receive could increase, decrease, or stay the same. d. The price of healthcare will increase, but the amount of healthcare Americans will receive could increase, decrease, or stay the same.
Chapter2: Economics: Eight Powerful Ideas
Section: Chapter Questions
Problem 17P
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Among other things, the Affordable Care Act in America has expanded the number of individuals with health insurance. In addition, there have been incentives for providers to enhance their IT systems, which have the potential to lower costs. Assuming the cost-savings are realized, what will happen to the market for healthcare?
a. Americans will receive more healthcare, but the price of healthcare could increase, decrease, or stay the same.
b. Americans will receive less healthcare, but the price of healthcare could increase, decrease, or stay the same.
c. The price of healthcare will decrease, but the amount of healthcare Americans will receive could increase, decrease, or stay the same.
d. The price of healthcare will increase, but the amount of healthcare Americans will receive could increase, decrease, or stay the same.
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