III Insurance and Health Care Costs The United States relies on a third-party payment system whereby individuals

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III Insurance and Health Care Costs The United States relies on a third-party payment system whereby individuals and employers purchase insurance that allows patients to receive health care services that are in turn paid for by insurance providers. For the elderly and disabled, the government assumes the role of the insurer, using funds from payroll taxes from cur rent workers to pay medical providers for care provided to those currently enrolled in Medicare, Medicaid, and other public health care programs.

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Fundamentals Of Economics

ISBN: 9781133956105,9781285531847

6th Edition

Authors: William Boyes, Michael Melvin

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