Asked by Tessa Eddington on Jul 11, 2024
Verified
The growth in health care costs can be attributed to a number of factors, including the greater need for health care by an aging population.
Health Care Costs
The expenses associated with medical care, including hospital stays, physician services, prescription drugs, and health procedures.
Aging Population
A demographic trend characterized by an increase in the median age of a population due to declining fertility rates and rising life expectancy.
- Acquire an understanding of the fiscal dimensions related to employee benefits, covering contributions, expenditures, and strategies for limiting costs.
Verified Answer
DC
Dhrumik ChaudhariJul 13, 2024
Final Answer :
True
Explanation :
An aging population tends to have more chronic conditions and health issues, which increases the demand for health care services and contributes to the overall growth in health care costs.
Learning Objectives
- Acquire an understanding of the fiscal dimensions related to employee benefits, covering contributions, expenditures, and strategies for limiting costs.
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