According to the textbook, the Manning study suggests that a large share of the increase in medical expenditures since World War II has been caused by:
A)advances in medical technology.
B)the increase in high-deductible policies.
C)the annual stipend given to the poor to defray medical expenses.
D)the increase in first-dollar medical insurance.

Question

Quizplus · Accepted Answer

The Manning study suggests that the increase in first-dollar medical insurance has been a major cause of the increase in medical expenditures since World War II. With first-dollar insurance, patients are not required to pay any out-of-pocket expenses for healthcare services, which can lead to overutilization of medical services and higher overall costs. This is different from high-deductible policies, which require patients to pay a certain amount of their medical expenses out-of-pocket before insurance kicks in. The annual stipend for the poor would not have had a significant impact on overall medical expenditures. Advances in medical technology have certainly contributed to rising healthcare costs, but Manning's study suggests that first-dollar insurance is a more significant factor.

According to the Textbook, the Manning Study Suggests That a Large