Economics Today : Macro View (Custom Package)
Economics Today : Macro View (Custom Package)
18th Edition
ISBN: 9781323265093
Author: Miller
Publisher: PEARSON
Question
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Chapter 5, Problem 1FCT
To determine

Why it is unrealistic for the government projections to assume that the quality of healthcare services demanded will not increase when the Medicare subsidies push down the out-of-pocket prices of people eligible for the program.

Concept Introduction:

Medicare-It is the Federal Health Insurance Program for the US citizens 65 years and above in age. It also covers people with physical disabilities and extra help subsidies are given to low-income groups for better healthcare facilities.

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