Which of the following grew rapidly during the years following the passage of the Medicare and Medicaid programs?
A) the share of healthcare expenditures financed by third parties
B) the prices of healthcare relative to the prices of other goods and services
C) expenditures on healthcare as a share of the economy
D) all of the above

Question

Quizplus · Accepted Answer

The passage of Medicare and Medicaid programs led to a significant increase in the share of healthcare expenditures financed by third parties, which in turn fueled a rapid increase in healthcare prices relative to other goods and services. This resulted in higher overall expenditures on healthcare as a share of the economy. Therefore, all of the above options grew rapidly during the years following the passage of these programs.

Which of the Following Grew Rapidly During the Years Following