Most of the increase in the labor portion of total health care expenditures in the past 40 years can be explained by increased real wages of physicians. increased real wages of non-physician health care personnel. increased number of non-physician health care personnel. decreased number of physicians combined with increased demand for physicians. shared income hypothesis
Most of the increase in the labor portion of total health care expenditures in the past 40 years can be explained by increased real wages of physicians. increased real wages of non-physician health care personnel. increased number of non-physician health care personnel. decreased number of physicians combined with increased demand for physicians. shared income hypothesis
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Question
Most of the increase in the labor portion of total health care expenditures in the past 40 years can be explained by
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increased real wages of physicians.
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increased real wages of non-physician health care personnel.
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increased number of non-physician health care personnel.
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decreased number of physicians combined with increased demand for physicians.
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shared income hypothesis
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Expert Solution
Step 1: Relation between expenditure and Labor productivity
If the total expenditure in the health care sector increases, so does the increase in labor productivity. So it can be assumed that labour productivity is one of the important areas of Healthcare sector.
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