Factors Driving U.S. Healthcare Cost Escalation
The escalating costs in the U.S. healthcare system are attributed to several factors. Third-party payment systems create a disconnect between service consumption and payment, leading to increased demand.
Technological advancements drive up costs as well, with consumers and providers seeking more expensive services. The aging population contributes significantly to rising healthcare expenses. Unhealthy behaviors such as poor diet, alcohol abuse, and smoking also inflate costs, alongside the prevalence of coronary conditions and associated medical spending.
What are the impact of technological advancements on healthcare costs, considering both benefits and drawbacks?
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