During the last four decades,
A) the total expenditures of Americans on health care have been relatively constant.
B) the share of health-care expenditures covered by a third party (either the government or an insurance company) has increased substantially.
C) the prices of health-care services have risen but not as rapidly as the general level of prices.
D) health-care providers have lowered prices in response to the rapid increase in medical technology.

Question

Quizplus · Accepted Answer

The share of health-care expenditures covered by a third party has increased substantially due to the expansion of government programs and private insurance coverage.

During the Last Four Decades