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In terms of the financing of health care, explain the difference between the terms Charge, Cost and Price. How would you describe the differences between

  1. In terms of the financing of health care, explain the difference between the terms Charge, Cost and Price.
  2. How would you describe the differences between traditional Medicare and Medicare Advantage to someone unfamiliar with the Medicare program? What criteria would you use to advise someone as to which one they should choose for themselves?

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