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Question
What impact do private insurance companies and Medicare have on national medical costs?
A) Medical costs go up because insurance leads to an increase in the quantity demanded of medical services.
B) Medical costs go up because insurance will lead to the reduction in the supply of medical services due to the amount of paperwork required.
C) Medical cost are unaffected by insurance companies.
D) Medical costs go down because the insurance company pays the bill.
Answer
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Related questions
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