Which of the following would increase the incentive of healthcare consumers to economize and help reduce the future growth of healthcare prices in the United States?
A) An increase in the share of healthcare costs paid for either directly or from personal medical savings accounts.
B) Subsidies that would encourage consumers to purchase low co-payment insurance plans.
C) A new government program that would cover the cost of prescription drugs purchased by all healthcare consumers.
D) A reduction in the eligibility age for the coverage of Medicare from 65 to 55 years of age.

Question

Quizplus · Accepted Answer

When consumers pay a larger share of healthcare costs directly or through personal medical savings accounts, they have a greater incentive to economize and make cost-conscious healthcare decisions, potentially reducing the growth of healthcare prices.

Which of the Following Would Increase the Incentive of Healthcare