Question
In contrast to other markets, in the health care market a new technology can increase the price of health care. Which of the following best
In contrast to other markets, in the health care market a new technology can increase the price of health care. Which of the following best explains what causes this result?
a. Suppliers of technology are reluctant to share cost savings with health care professionals.
b.Suppliers of health care services are reluctant to share cost savings with the ultimate patient.
c. To date there have been no cost-saving technologies discovered in the health care industry.
d. The new technologies are cost-increasing innovations, and because costs are not paid by the users, the increased technology increases demand for that kind of care.
e. In the health care industry, new technologies cause the supply curve to shift upward, increasing the price.
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