Question

why are costs increasing in healthcare

Answer 1

The costs of healthcare has been increasing now-a-days because of growth rate of population increased, the aging of human has reduced, new diseases have been spreading at a rapid pace, medical services utilization has improved and the medical service prices has increased. Associated with health care are the pharmaceutical and drugs expenses increases over time. The spread of the medical insurances round the world has motivated the people to maximize use of medical facilities at the possible incidence. The health concerns have been increased over the years making the healthcare costs to go up. Being more technical and fast world making it more and more mechanical, so the rate of accidents has also been increased over the year.