Fuchs (1988) static model of cost savings provides little encouragement for the

Question

Fuchs (1988) static model of cost savings provides little encouragement for the prospects of savings in medical care. He concludes our best chance for controlling costs may be

to limit input prices.

to improve efficiency in the production of medical care.

to reduce medical care utilization.

to increase the use of low-priced inputs and reduce the use of high-priced inputs.

all of the above are necessary according to Fuchs.

to limit input prices.

to improve efficiency in the production of medical care.

to reduce medical care utilization.

to increase the use of low-priced inputs and reduce the use of high-priced inputs.

all of the above are necessary according to Fuchs.

Explanation / Answer

all of the above are necessary according to Fuchs.

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