Medical inflation measures how prices of a typical set of medical goods and services vary,but this measure
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Question:
Medical inflation measures how prices of a typical set of medical goods and services vary,but this measure has limitations.Of the following, which is a better example of a limitation in the use of medical price inflationas a health economics indicator?
a. Consumers are no better or worse offas a result ofhealth careprices because their insurance protects them from paying.
b. Because new treatments are invented,which are not reflected in the prices of a previoussetof"typical"medicalgoods and services.
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