Third-party payments have lead to an increase in the price and quantity of health care in the United States.

Question

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Third-party payments, such as insurance, have created a situation where patients are often not directly responsible for the cost of their health care. This has led to an increase in demand for health care services and providers responding by raising their prices. As a result, the price and quantity of health care in the United States have gone up.

Third-Party Payments Have Lead to an Increase in the Price