Medicare and Medicaid set their payment rates for medical services above marginal cost, but below average total cost. One major consequence of doing this is that hospitals and other providers are then:
A. Reducing the amount of health-care services they provide
B. Passing the uncovered costs on to patients with private health insurance
C. Denying services to many Medicare and Medicaid patients
D. Filing for bankruptcy regularly
B. Passing the uncovered costs on to patients with private health insurance
You might also like to view...
"Duopoly" is
A) another name for monopoly. B) a special type of monopolistic competition. C) a two-firm oligopoly. D) a game with three players. E) the situation when a firm sets a duo (two) of different prices for its customers.
Monetary policy loses its effectiveness in all of the following situations EXCEPT
A) when the IS curve is vertical. B) when the LM curve is nearly horizontal. C) when interest rate controlled by the Fed reaches zero. D) when the IS curve is horizontal.