Question

Describe the current healthcare economic concepts that contribute to rising health care costs in the United States and measures being implemented to reduce costs while maintaining quality.

Answer 1

Many hospitals are corporate based they are concerned on making money.They introduce new treatment method and attract the people to it.For example: hospital is introducing master health check up for free initially.Then they attract the public to this then will fix amount to it and increase the cost .So the today health care is creating a demand and fix high cost to it.This is the economic concepts today hospitals are  maintaining.They always introduce new and advanced treatment methods and attract the public to it.Robotic surgery is another example it the advanced treatment strategy and is high cost.Thus hospitals give competition to .other hospitals but it takes high cost.So all hospitals in name of advanced or new treatment approach set a high cost.To reduce the cost the government has taken steps for health in low cost and good quality.they changed the insurance methods they make it for all so that people in all levels of economics gets benefited.Due to the changes made in the health industry by the government the people in the below poverty line also can afford for good quality treatment in a low cost which is paid as insurance by the government.