A goal of market-based reforms of the health care system is to give patients an incentive to pay more attention to the prices of medical services.This would tend to ________ economic efficiency by ________ the costs of medical services

Question

Quizplus · Accepted Answer

By giving patients an incentive to pay more attention to the prices of medical services, market-based reforms would increase economic efficiency by decreasing the costs of medical services. This is because patients would be more likely to choose lower-cost options and providers would have an incentive to offer competitive prices in order to attract patients.

A Goal of Market-Based Reforms of the Health Care System