Question

what is the most important factor leading to rising health care costs in the united states since 1980?

Answer 1

The increased use of expensive medical technology is the most important factor leading to rising health care costs in the united states since 1980.

Why is medical technology so expensive?

• Due to the high expenditures of clinical trials, research and development, and market variables, medical equipment is quite expensive. A cutting-edge medical technology nearly typically costs more money.
• America's healthcare system has grown more complex. Each insurer has their own specifications. Because of this, hospitals must produce a wide range of documentation according to the patient's insurance company. They are unable to reduce expenses and standardise the procedure.
• The money needed to establish the infrastructure for a private medical college is the cause of the high fees.
• If you are unable to obtain a seat at the government medical college of India, it may be assumed that becoming a doctor in India might be quite expensive.

Learn more about expensive medical technology refer to :

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