Describe the criticism of fee-for-service medicine.
What will be an ideal response?
Fee-for-service medicine is a system whereby medical practitioners are paid for each service they perform. As a consequence, they have incentives to use their skills; for example, surgeons made money wielding scalpels and internists made money ordering diagnostic procedures.
You might also like to view...
What is the principal effect of television on public opinion?
a. persuading people to take one side of an issue or another b. telling people what to think c. setting the agenda for thinking and talking about politics d. establishing new, dominant modes of political thinking
Proponents of supply side economics maintain that a decrease in tax rates may result in all of the following except
a. a leftward shift in the aggregate supply curve b. improving incentives to save and invest c. improving incentives to work d. increased tax revenues of government.