The share of federal government spending on healthcare has risen substantially over time.This is most likely a result of
A)medical advances that provide new,better,but often more expensive medical treatments.
B)a rising population of the elderly in the economy.
C)health insurance reform that will include government subsidies for health insurance for many low-to-moderate income families.
D)All of the above are important factors.

Question

Quizplus · Accepted Answer

Medical advances have led to the development of new and better treatments, but they often come at a higher cost. The aging population requires more healthcare services, leading to increased spending. Health insurance reform can also contribute to increased government spending on healthcare, especially with subsidies for low-to-moderate income families. Therefore, all of the above factors are important in explaining the rising share of federal government spending on healthcare.

The Share of Federal Government Spending on Healthcare Has Risen