Healthcare coverage for seniors in the US is provided by the government via Medicare. Explain why a private company's health benefits plan might cover all short-term issues but might not cover preventative care for some long-term conditions. Discuss whether this is efficient and what policy the government might want to implement assuming that (A) the total cost of preventative care over time is less than the total cost of treating the preventable issues over time; (B) people can only have one form of healthcare coverage at a time; and (C) people are not as aware of long-term illnesses and the effectiveness of preventative care as the government. (Hint: the concepts from our discussion of education may be useful here.)Healthcare coverage for seniors in the US is provided by the government via Medicare. Explain why a private company's health benefits plan might cover all short-term issues but might not cover preventative care for some long-term conditions. Discuss whether this is efficient and what policy the government might want to implement assuming that (A) the total cost of preventative care over time is less than the total cost of treating the preventable issues over time; (B) people can only have one form of healthcare coverage at a time; and (C) people are not as aware of long-term illnesses and the effectiveness of preventative care as the government. (Hint: the concepts from our discussion of education may be useful here.)