Article Summary The Center for Medicare and Medicaid Services (CMS)projects That Between

Article Summary
The Center for Medicare and Medicaid Services (CMS) projects that between 2014 and 2022,over $2.7 trillion will be spent for private insurance overhead and administering government health programs,including more than $270 billion in new administrative costs for the Affordable Care Act,which averages to $1,375 per newly insured person every year,or almost one-quarter of the total federal government expenditures for the program.Government programs account for over $100 billion of the increase in overhead,and most of that will go to private Medicaid HMOs,which will account for 59 percent of total Medicaid administrative costs in 2022.
-Refer to the Article Summary.The article discusses the rising administrative costs of health care.Even if private insurance companies were more efficient and brought administrative costs down,consumers would ________ the full cost of medical treatment.This would result in the market equilibrium price and quantity of medical services being ________ than the efficient equilibrium price and quantity.

A) pay less than;less than
B) pay more than;less than
C) pay more than;more than
D) pay less than;more than