Question

In a short period of time, Taiwan has emerged as one of the fastest-growing and prosperous economies in the world. As the Taiwanese began rebuilding their social institutions, one of the issues their leaders wanted to tackle was affordable, universal health care. In an effort to cut down on administrative costs, they implemented the ______ and have enjoyed a remarkably low administrative cost of _____.

a. National Health Insurance; 2%
b. Universal Health Plan; 5%
c. Healthcare Efficiency Initiative; 10%
d. Medical Cost Reduction Act; 15%

Answer 1

Taiwan created the National Health Insurance program to provide universal healthcare, achieving a low administrative cost of 2%.

Step-by-step explanation:

In a short period of time, Taiwan has emerged as one of the fastest-growing and prosperous economies in the world, with its leaders focused on rebuilding social institutions, including the pursuit of affordable, universal health care. In an effort to cut down on administrative costs, they implemented the National Health Insurance program. This initiative has been notably successful in maintaining a remarkably low administrative cost of 2%, demonstrating effective management and operational efficiency within their healthcare system.