Over the last forty years, the price index of healthcare services
A) declined slightly relative to the overall consumer price index.
B) fell by approximately 50 percent compared to the overall consumer price index.
C) increased at twice the rate of the overall consumer price index.
D) rose during a brief period following the passage of Medicare and Medicaid but has been relatively stable since that time.

Question

Quizplus · Accepted Answer

The price index of healthcare services has historically increased at a rate faster than the overall consumer price index, reflecting rising healthcare costs over the past several decades.

Over the Last Forty Years, the Price Index of Healthcare