By promoting third-party payment of health-care expenses and the purchase of health insurance through employers, health-care policy has
A) eroded the incentive of health-care consumers and providers to economize.
B) undermined the smooth operation of health-care markets.
C) made it more costly for persons without a job to obtain health insurance.
D) done all of the above.

Question

Quizplus · Accepted Answer

By promoting third-party payment of health-care expenses and the purchase of health insurance through employers, health-care policy has eroded the incentive of health-care consumers and providers to economize, undermined the smooth operation of health-care markets, and made it more costly for persons without a job to obtain health insurance. These consequences have led to a rise in health-care costs and decreased access to health care for individuals who cannot afford insurance or do not have access to it through employment.

By Promoting Third-Party Payment of Health-Care Expenses and the Purchase