Which of the following statements is false? Significant increase in healthcare spending over the past seventy years can in part be explained by the

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The false statement is D) increase in the share of the healthcare costs spent on manufactured goods such as drugs. While healthcare spending has significantly increased over the past seventy years, a major part of this increase is attributed to factors like the cost of labor-intensive services, the overall level of medical care prices, and the increase in intensity and quality of care, rather than an increased share of spending on manufactured goods. The cost of labor and the complexity and quality of medical services have been primary drivers, whereas the proportion of spending on manufactured goods like drugs, relative to total healthcare spending, has not been the primary factor for the overall increase in healthcare spending.

Which of the Following Statements Is False? Significant Increase in Healthcare