How Technology & Health Care Systems Impact the Cost of Healthcare

The United States spends about $3 trillion on health care annually, nearly $10,000 per capita — accounting for about 18 percent of the gross domestic product. Medical technology is costly, but it is not the only reason medicine is expensive. A variety of factors are to blame for what makes health care expenses in this […]

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Technology & Cost Containment—Why Doesn’t Medical Technology Bring Down the Cost of Healthcare?

Technology is a significant driver of high health care spending. For instance, many treatments common today were not available 40 years ago. Yet, treatments and therapies that have been in use for decades are still quite expensive. In typical consumer markets, the quality of technology gets progressively better while the (real) inflation-adjusted prices often fall […]

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