Solved

In 1977, a Medication to Fight Heart Disease Cost $1,000

Question 21

Multiple Choice

In 1977, a medication to fight heart disease cost $1,000 and had a mortality rate of 80% after 1 year. Surgery cost $25,000 and had a mortality rate of 60% after 1 year. In 2012, a medication to fight heart disease cost $150 and has a mortality rate of 30%. Surgery costs $10,000 and has a mortality rate of 10%. One should expect expenditures on heart disease treatments to escalate because


A) more individuals will choose surgery in 2012 than they would have in 1970.
B) people tradeoff reduced life expectancy for lower costs.
C) managed care insurers tradeoff reduced life expectancy for lower costs.
D) physicians tradeoff reduced life expectancy for lower costs.
E) Medicare will most likely pay for the medication only.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents