Which of the following is a major reason why the Medicare program is in such financial trouble?
A) Workers are not paying enough into the program.
B) The government set reimbursement rates too high.
C) Because medical services are subsidized by the government, both consumption by the elderly and the cost of services have increased.
D) There is a shortage of medical school applicants.

Question

Quizplus · Accepted Answer

The Medicare program is in financial trouble partly because of the increasing cost of medical services, which are subsidized by the government. This leads to increased consumption by the elderly and higher costs for these services. The other answer choices (A, B, and D) are not major reasons for the program's financial difficulties.

Which of the Following Is a Major Reason Why the Medicare