The health care market in the United States is characterized by

Question

Quizplus · Accepted Answer

All of the given options are correct. The health care market in the United States has considerable government involvement, with programs such as Medicare and Medicaid. Third-party payment, such as insurance, is also common in the market. Asymmetric information exists between providers and consumers, where providers have more information about treatments, costs, and outcomes than consumers.

The Health Care Market in the United States Is Characterized