Which of the following would encourage consumers to economize on health-care expenditures and producers to supply health-care services more efficiently?
A) An increase in out-of-pocket expenditures by health-care consumers.
B) Decreased reliance on personal Medical Savings Accounts and health-care expenditures from the accounts.
C) Decreased reliance on the purchase of catastrophic health insurance coverage and less reliance on insurance with first-dollar coverage and small co-payments.
D) The establishment of a national health-care system that would provide coverage to all people.

Question

Quizplus · Accepted Answer

Increasing out-of-pocket expenditures makes consumers more conscious of their spending, encouraging them to economize, while also motivating producers to offer services more efficiently to attract cost-conscious consumers.

Which of the Following Would Encourage Consumers to Economize on Health-Care