Solved

(Consider This) Which of the Following Best Explains Why Hospital

Question 95

Multiple Choice

(Consider This) Which of the following best explains why hospital charges of $25 per aspirin are not unusual?


A) Government payments for Medicare and Medicaid patients do not cover hospitals' fixed costs, so these costs must be distributed to other patients and their private insurance providers.
B) Government exercises no cost control for Medicare and Medicaid, so hospitals get away with charging those patients $25 for an aspirin.
C) Pharmaceutical companies have monopoly power over hospitals, allowing them to charge high prices for medications.
D) Hospitals distribute a medically advanced form of aspirin that costs more to produce.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents