Have market forces failed in keeping healthcare costs under control?
A) Yes; in most high-income countries healthcare is a socialized industry and costs have been kept low.
B) Yes; the government has allowed market forces to determine costs, yet healthcare spending continues to rise rapidly.
C) No; government regulations have undermined the operation of markets and created perverse incentives that have led to rising prices and soaring healthcare expenditures.
D) No; market forces have been allowed to determine costs and those costs have remained low relative to the consumer price index.

Question

Quizplus · Accepted Answer

The Answer of Have market forces failed in keeping healthcare costs under control?
A) Yes; in most high-income countries healthcare is a socialized industry and costs have been kept low.
B) Yes; the government has allowed market forces to determine costs, yet healthcare spending continues to rise rapidly.
C) No; government regulations have undermined the operation of markets and created perverse incentives that have led to rising prices and soaring healthcare expenditures.
D) No; market forces have been allowed to determine costs and those costs have remained low relative to the consumer price index.

Have Market Forces Failed in Keeping Healthcare Costs Under Control