Among other things, the Affordable Care Act in America has expanded the number of individuals with health insurance. In addition, there have been incentives for providers to enhance their IT systems, which have the potential to lower costs. Assuming the cost-savings are realized, what will happen to the market for healthcare? a. Americans will receive more healthcare, but the price of healthcare could increase, decrease, or stay the same. b. Americans will receive less healthcare, but the price of healthcare could increase, decrease, or stay the same. c. The price of healthcare will decrease, but the amount of healthcare Americans will receive could increase, decrease, or stay the same. d. The price of healthcare will increase, but the amount of healthcare Americans will receive could increase, decrease, or stay the same.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Among other things, the Affordable Care Act in America has expanded the number of individuals with health insurance. In addition, there have been incentives for providers to enhance their IT systems, which have the potential to lower costs. Assuming the cost-savings are realized, what will happen to the market for healthcare? a. Americans will receive more healthcare, but the price of healthcare could increase, decrease, or stay the same. b. Americans will receive less healthcare, but the price of healthcare could increase, decrease, or stay the same. c. The price of healthcare will decrease, but the amount of healthcare Americans will receive could increase, decrease, or stay the same. d. The price of healthcare will increase, but the amount of healthcare Americans will receive could increase, decrease, or stay the same.
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