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Discuss 3 factors that are suggested when we talk about the cost of healthcare

Discuss 3 factors that are suggested when we talk about the cost of healthcare

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Answer: There is dynamic increase in the healthcare cost and it is one of the major issue of concern because of this people with low income are unable to avail better treatment facilities.

The three factors that affects the cost of healthcare are:

  • The high rate of premium and it's payment method affects the rise of the healthcare cost.
  • The demographic of population affects the healthcare cost such as age, gender, race etc.
  • Healthcare utilisation also affects the healthcare cost
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