Which of the following is not a factor causing the increase in cost for health care? Select one: a. The classical rules of the marketplace have finally been applied to the health industry. b. Labor costs have risen sharply. c. Upgrades in the scope and intensity of medical service has been costly. d. The population is getting larger and older.

Question

Tobias Flynn

Business

21 December, 01:20

Which of the following is not a factor causing the increase in cost for health care? Select one: a. The classical rules of the marketplace have finally been applied to the health industry. b. Labor costs have risen sharply. c. Upgrades in the scope and intensity of medical service has been costly. d. The population is getting larger and older.

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Answers (1)

Know the Answer?

Tony Cooke · Answer 1

a.

Explanation:

Based on the answers provided within the question it can be said that all of the answers are likely reasons for health care costs to increase except for "The classical rules of the marketplace having been applied to the health industry". Mainly because the rules of the marketplace depend more on competition in the market as well as supply and demand. Which health care is a government benefit thus competition does not affect prices.