From the standpoint of economic efficiency, which of the following is a major advantage of medical savings accounts?
A) They encourage healthcare consumers to purchase low-deductible, low co-payment medical insurance plans.
B) They guarantee that no American will ever have to pay another medical bill.
C) They encourage healthcare consumers to economize.
D) They will force employers to pay a larger share of the medical expenses of their employees.

Question

Quizplus · Accepted Answer

Medical savings accounts encourage consumers to be more cost-conscious and economize on healthcare spending, as they use their own funds for medical expenses.

From the Standpoint of Economic Efficiency, Which of the Following