Which of the following is/are (an)important factor(s)in the high cost of physicians' services?
A)a shortage of physicians,especially in nonurban areas,for most of the past half-century
B)specialization
C)the high cost of malpractice insurance
D)All of the above are important factors.
E)None of the above is an important factor.

Question

Quizplus · Accepted Answer

A shortage of physicians, especially in nonurban areas, for most of the past half-century has led to higher fees as patients compete for a limited number of providers. Specialization also increases costs as specialists typically charge more for their services than primary care physicians. The high cost of malpractice insurance is another factor that drives up the cost of physician services. Therefore, all of the above are important factors contributing to the high cost of physicians' services.

Which of the Following Is/are (An)important Factor(s)in the High Cost