Which of the following grew rapidly after the passage of the Medicare and Medicaid programs in the mid-1960s?
A) the share of healthcare expenditures financed directly by the consumer
B) the share of healthcare expenditures financed by third parties
C) the prices of healthcare relative to the prices of other goods and services
D) both b and c

Question

Quizplus · Accepted Answer

The passage of Medicare and Medicaid led to an increase in third-party financing of healthcare expenditures and contributed to rising healthcare prices relative to other goods and services.

Which of the Following Grew Rapidly After the Passage of the Medicare