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Question
Priscilla is a retired nurse from Toronto who fell out of a tree while bird-watching in Halifax, Nova Scotia (a Canadian province). The bill from the hospital for putting a cast on her broken arm is estimated to be $3,000 (Canadian). This price for medical care was determined
a. by the intersection of supply and demand, unfettered by government influence.
b. by the intersection of supply and demand, but the government played a significant role in imposing a payment limit through its monopsonist power.
c. by the intersection of supply and demand, but the government played a significant role in imposing a payment limit through its monopolist power.
d. by the involvement of the government and private health insurance companies.
e. as higher than it should have been because of a shortage of care.
Answer
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