One source of high health-care costs is the:
A) relatively small fraction of health-care expenditures paid directly by patients.
B) relatively small fraction of health-care expenditures paid by third-party payers.
C) deficiency in the availability of diagnostic tests.
D) excessive competition in the market for health care.

Question

Quizplus · Accepted Answer

The relatively small fraction of health-care expenditures paid directly by patients leads to a lack of price sensitivity, which can contribute to higher health-care costs. When patients are insulated from the cost of care by insurance or other third-party payers, they may be less likely to consider cost when seeking care, leading to higher overall expenditures.

One Source of High Health-Care Costs Is The