Which of the following would increase the incentive of healthcare consumers to economize and help reduce the future growth of healthcare prices in the United States?
A) an increase in the share of healthcare costs paid for either directly or from personal medical savings accounts
B) subsidies that would encourage consumers to purchase low co-payment insurance plans
C) a new government program that would cover the cost of prescription drugs purchased by all healthcare consumers
D) a reduction in the eligibility age for the coverage of Medicare from 65 to 55 years of age

Question

Quizplus · Accepted Answer

When healthcare consumers pay directly for their healthcare costs, they are more likely to be conscious of the cost and therefore will tend to economize. This can help reduce the overall growth of healthcare prices in the United States. Personal medical savings accounts also create an incentive for consumers to be more mindful of their healthcare spending. The other options do not incentivize consumers to economize on healthcare costs in the same way.

Which of the Following Would Increase the Incentive of Healthcare