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One Reason the Medicare System Costs So Much Is

Question 32

Multiple Choice

One reason the Medicare system costs so much is


A) the amount of medical services is determined by the equilibrium of supply and demand.
B) the supply of medical services does not respond to price changes.
C) supply and demand analysis does not apply.
D) beneficiaries are entitled to receive services for which the per-unit cost exceeds their own personal out-of-pocket payment.

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