Discuss the major factors contributing to the high costs of healthcare and why they are important....

Question

Question

Discuss the major factors contributing to the high costs of healthcare and why they are important. 75 words include referrence

Answer 1

Answer #1

Factors contributing to healthcare system are:

population growth
population aging as more people are qualifying for medicare and medicaid
disease prevalence As chronic diseases and lifestyle illnesses are increasing.
service utilisation as government has made healthcare accessible to every citizen, so healthcare spending is more.
service price and intensity as technically complex and advanced services are used to address health care needs
limited transparency about cost and quality, patients and clinicians are ill equipped to utilise best and cost effective treatment.
cultural influences often favour more and prolonged care regardless of effectiveness.
medical malpractice , fraud and abuse contribute to rising cost

these factors are important to deal with as if they remain unsolved, us healthcare system will be set on a path to unsustainability.

Answer 2

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