Question

iscussion Economic Influences Discuss how each of these factors (inflation, changing population demographics, intensity, and technology of services) influence health care costs.

Answer 1

Inflation:
Health care prices are higher in the US. Health spending based on the price of goods and services. Inflation is a sustained high in general goods and prices. Many people in the US suffering from the higher price of cost. Inflation impact health care coverage cost.
Changing population demography:
Changes in population size, age, ethnicity can affect health care resources and cost of care. the elderly population, a minority group and their lack of insurance make less access to health services. Socioeconomic concerns and their lack of insurance make less access to health services. socioeconomic circumstances, religious beliefs, and traditions make the patient to poor access to health care.
Intensity:
Intensity and health care prices increased the health care cost due to the health insurance premium, disease prevalence on incidence, population age, growth, high ambulatory costs, Medicaid and medicare demand.
Technology of services:
Technology in health care improves the quality of care. Technology influences inpatient data, digitized system, medical coder and biller appointment, diagnostic codes, clinical research, advancing medical knowledge. It reduces the risk of errors. It increases health care costs and productivity.