What would likely be the impact on health. care costs if a government implements price controls on pharmaceuticals? A. Health care costs would increase due to higher administrative overhead. B. Health care costs would decrease as drug prices are directly reduced. C. Health care costs would remain unchanged, as other expenses would rise to offset drug cost savings. D. Health care costs would initially decrease but eventually lead to shortages and higher costs in the long term.
What would likely be the impact on health. care costs if a government implements price controls on pharmaceuticals? A. Health care costs would increase due to higher administrative overhead. B. Health care costs would decrease as drug prices are directly reduced. C. Health care costs would remain unchanged, as other expenses would rise to offset drug cost savings. D. Health care costs would initially decrease but eventually lead to shortages and higher costs in the long term.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST7: The Economics Of Health Care
Section: Chapter Questions
Problem 1CQ
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