With the Introduction of Government-Funded Health Programs for the Elderly

Multiple Choice

With the introduction of government-funded health programs for the elderly and the poor, private health insurers have lost a substantial portion of their insured clients to these programs. The introduction of government-sponsored spending that curbs private investment is referred to as:

A) Squeezing-out
B) Crowding-in
C) Crowding-out
D) Squeezing-in