Use the Following to Answer Question(s): Third-Party Payers

Multiple Choice

Use the following to answer question(s) : Third-Party Payers

-(Exhibit: Third-party payers) At a price of $60 with a third party payer, the total cost of health-care services compared to the price that would prevail if there were no third-party payers has:

A) decreased from $180 million to $80 million.
B) increased from $80 million to $180 million.
C) decreased from $180 million to $80 million, and consumers pay $60 million
D) increased to $180 million, and insurance pays $60 million.