Per person covered, government programs are more costly than private insurance because they serve the aged, the

Question:

Per person covered, government programs are more costly than private insurance because they serve the aged, the disabled, and the chronically sick.

Figure 2 shows expenditure per person. With almost 119 million people covered by Medicare and Medicaid at a total cost of $1,115 billion, governments spend $9,389 per person per year on public programs.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

Question Posted: