Asked by Tyrin Davis on May 01, 2024
Verified
What is the key reason why employers' benefits costs are less in Canada versus the United States?
A) Doctors are cheaper in Canada.
B) Healthcare is subsidized by governments in Canada.
C) Hospitals are better managed in Canada.
D) Canadians have better eating habits.
Healthcare Subsidized
A situation where government or another entity provides financial assistance to reduce the cost of health care for individuals, making it more accessible and affordable.
Benefits Costs
The expenses that an organization incurs to provide benefits to its employees, including health insurance, retirement plans, and paid time off.
- Comprehend the factors contributing to the differences in employers' benefits costs between Canada and the United States.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
B
Explanation :
The key reason employers' benefits costs are less in Canada compared to the United States is because healthcare is subsidized by the government in Canada. This means that a significant portion of healthcare expenses is covered through public funding, reducing the financial burden on employers for their employees' health benefits.
Learning Objectives
- Comprehend the factors contributing to the differences in employers' benefits costs between Canada and the United States.
Related questions
Which of the Following Statements Is Most Applicable to the ...
The Labor Relations System in Canada Has Generally Been More ...
In Canada, Strike Replacements Are Often Not Considered Part of ...
Canadian Union Representation Elections Are Conducted in the Same Manner ...
Many Canadian Workers Are Represented by U ...