Ask Question
BusinessBusiness
8 January, 07:39

Health care spending in the United States is forecasted to be as much as $4.6 trillion in 2020, accounting for about $1 of every $5 in the economy. Currently, health care spending is roughly $2.7 trillion. How is this cost paid for most Americans?

+5
Answers (1)
  1. 8 January, 10:59
    0
    The cost is paid through Private health insurance for most Americans.

    Explanation:

    Insurance in America is must for everyone, it is because by taking an insurance, not only the high cost of health care can be avoided but multifarious benefits can also be taken by the insurer. If a person becomes sick, then he does not need to pay but rather the insurance company will pay on his behalf. in order to rake insurance, it is necessary to pay some top y amount or insurance amount to the insurance company.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Health care spending in the United States is forecasted to be as much as $4.6 trillion in 2020, accounting for about $1 of every $5 in the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A time-series chart is a chart is a graphical representation showing change of a variable over time. Time-series charts are used for data that changes continuously, such as stock prices. A. TrueB. False
Answers (1)
Calculate the economic profit of the tree-trimming firm whose explicit and implicit expenses are shown. ms. tree has a total revenue of $98,000. ms.
Answers (1)
A retail store had sales of $45,650 in April and $55,215 in May. The store employs eight full-time workers who work a 40-hour week.
Answers (1)
In which of the following cases would a seller be least likely to use an auction to determine the price of an item? a. The item is unique and the seller is not certain what it is worth. b. Buyers' valuations of the item are interdependent. c.
Answers (1)
Jack's Grocery is manufacturing a "store brand" item that has a variable cost of $0.75 per unit and a selling price of $1.25 per unit. Fixed costs are $12,000. Current volume is 50,000 units.
Answers (1)
New Questions in Business
Dorchester purchased investment realty in 2001 for $25,000. During the current year, he contributes it to the American Heart Association to use as the site for its new local headquarters.
Answers (1)
An accountant agreed to perform a compilation of a company's financial statements under Statements of Standards for Accounting and Review Services (SSARSs). During fieldwork, the accountant decided to perform some analytical procedures.
Answers (1)
Alicia is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current year, ABC has net income of $325,000 after deducting Alicia's $100,000 salary.
Answers (1)
Henry Edwards was injured in an accident caused by another driver who did not have insurance. Henry's medical expenses would be covered by: A. collision. B. no-fault coverage. C. bodily injury liability. D. uninsured motorists protection Its not B
Answers (1)
Oliver is a manager at a watch company. He believes that money is the sole motivator for workers, so he links workers' pay directly to their output. For each watch a worker produces, he or she receives $5.
Answers (1)
Home » Business » Health care spending in the United States is forecasted to be as much as $4.6 trillion in 2020, accounting for about $1 of every $5 in the economy. Currently, health care spending is roughly $2.7 trillion. How is this cost paid for most Americans?
Sign Up Forgot Password?