Which of the following is true with respect to a public national health insurance system (i.e., a "single-payer" system)? Choose all correct options from the following list.
I. It would not resolve the problem of job lock.
II. It would reduce the administrative costs associated with the health insurance sytem.
III. It would require massive new government expenditures.
a.
I only
b.
Both II and III are correct.
c.
Both I and II are correct.
d.
II only
e.
III only