An attempt to control rising medical costs is through _____. regulation of the pricing of medical...

An attempt to control rising medical costs is through _____.

		regulation of the pricing of medical services.
		the creation of HMOs that negotiate prices with care providers.
		charging higher permiums for health insurance coverage.
		encouraging insured persons to use government medical facilities.

Expert Solution

The correct option is (A)

Regulation of the pricing of medical services.

Reason:

Controlling the increasing medical costs needs that the limits should be placed either on the prices or quantities of services. Price is considered as the measurable factor and can be easily controlled as compared to the quantity. The regulatory procedure develops market distortions and bring changes in the access patterns.

jeff jeffy answered 2 years ago

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