As the government pays for an increasing portion of medical care expenses for citizens in the United States

Question

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As the government pays for a larger portion of medical care expenses, it gains more purchasing power in the market, allowing it to negotiate lower prices with healthcare providers. This is an example of monopsony power, which can lead to lower prices for consumers. Therefore, citizens are likely to pay lower prices for medical care as the government's monopsony power grows.

As the Government Pays for an Increasing Portion of Medical