Most Americans favor the idea of expanding insurance coverage to all Americans, but disagree on how...

Most Americans favor the idea of expanding insurance coverage to all Americans, but disagree on how to do it. The more popular options include which of the following:

A. Creating a single payer system by expanding existing government programs such as Medicare, Medicaid, and SCHIP.
B. Mandating insurance coverage either individually or through a place of employment.
C. Expanding the use of market incentives to encourage and enable individuals to purchase insurance.
D. All of the above.
E. None of the above.

U.S. medical care spending is

A. Higher as measured by overall spending.
B. Higher as measured by per capita spending.
C. Higher as measured by a percentage of GDP.
D. All of the above.

Expert Solution

1) Most Americans favor the idea of expanding insurance coverage to all Americans, but disagree on how to do it. The more popular options include which of the following:
D. All of the above.

Reason: All the available options are the best options on how to expand the insurance coverage. They should launch market incentives to enable individuals to purchase insurance, expanding single payer system such as Medicare, Medicaid and thus, mandating insurance either individually or through employment.

2) U.S. medical care spending is
C. Higher as measured by a percentage of GDP.
As per the last available GDP data, US spent 17.9 per cent of GDP.

Rahul Sunny answered 2 years ago

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