Of the following, it is likely that the largest source of excessive spending on health care is:

Question

Quizplus · Accepted Answer

Third-party payments (such as insurance) encourage people to seek medical care without considering the cost, leading to overuse of medical services and excessive spending. This phenomenon is known as moral hazard. Physician-induced demand, defensive medicine, and too rapid growth in medical technology can also contribute to excessive spending, but they are not as significant as third-party payments.

Of the Following, It Is Likely That the Largest Source