Question

Why do healthcare costs seem to be spiraling out of control? What do you think is the source of the problem and what are the initial steps to solving it?

Answer 1

Health care costs are spiraling out of control because of the following reasons

• people focus more on specialized doctor which leads to unnecessary diagnostic tests and procedure. This indirectly increases the health care cost.
• variation of drug cost between the generic and brand name.
• Entering of different payers in the insurance market.
• Increase of uninsurance, lack of access to care, health discrimination results in spiraling of health care cost.
• Lack of health care reform increases the financial burden in the health care system.
• Insurance type and reinforcement are not transparent.
• Advanced technology increases the additional cost.

This can be rectified by eliminating the cause of the problem and taking steps to resolve it. The healthcare system must be distributed equally to all patients irrespective of race, religion, gender. People should be aware of health services and more focused on preventive care. Insurers and stakeholders should control healthcare cost.  Providers help people to take financial decisions. Drug cost should be regulated. Government and local agencies should involve in the change in health care policies. payment becomes transparent. Moreover, health care reform is necessary based on current needs.