Which of the following would encourage consumers to economize on their use of healthcare and producers to provide it more efficiently?
A) A reduction in out-of-pocket healthcare expenditures.
B) Government subsidies that encourage people to purchase health insurance policies with first-dollar coverage and small co-payments.
C) Medicare reform that at least partially substituted defined benefits (funds that could be used to pay for healthcare or the purchase of insurance) for the present cost reimbursement system.
D) All of the above.

Question

Quizplus · Accepted Answer

Substituting defined benefits for cost reimbursement would give consumers more control over their healthcare spending, encouraging them to economize, and incentivize providers to offer services more efficiently to attract consumers.

Which of the Following Would Encourage Consumers to Economize on Their