Which of the following facts is true of medicare?
A) It has caused the price elasticity of the demand for health care to increase.
B) It is financed by state excise and sales taxes and is available on the basis of need and not disability.
C) It covers the cost of first 100 days of hospital treatment provided only to the unemployed people.
D) It covers the cost of the first 100 days of hospital or nursing home care for the elderly.
E) They are subsidies given by the U.S.government to private health insurance companies.
Correct Answer:
Verified
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