Under the current structure of Medicare, the movement of the baby boom generation into the retirement phase of life during the years following 2011 will
A) increase the demand for medical services and the share of those services financed by third parties.
B) push both healthcare prices and expenditures upward.
C) cause Medicare expenditures to increase and necessitate the need for higher taxes to finance the program.
D) do all of the above.

Question

Quizplus · Accepted Answer

As the baby boom generation moves into retirement, there will be an increase in demand for medical services, which will lead to a higher share of those services being financed by third parties. This increased demand will also push healthcare prices and expenditures upward. Finally, as Medicare expenditures increase, it will become necessary to increase taxes to finance the program.

Under the Current Structure of Medicare, the Movement of the Baby