Why Is Healthcare in the US So Expensive? What Should Be Done About It?
The first is the rising cost in prescription drugs. The second area of rising cost is the increased technologies when it comes to the medical industry.
A big reason: Many health-care decisions, especially the most expensive, are immune to cost-shopping because they are emergencies, involve in-patient care and/or cost so much that the patient's out-of-pocket costs will be the same regardless. Moreover, many health-care services involve doctor referrals. And, the studies have found, some people who use cost-comparison tools choose a more expensive option because they associate price with quality. "Price transparency may be part of the answer, but it clearly isn’t the entire answer," said a 2016 analysis in the New York Times.
This leads to very premiums.
Any and all movement toward the expansion of government involvement in health care should be emphatically opposed. Proponents of limited government and free markets need to go beyond defensive strategies. It is not enough to work to stop the further advances of socialism; instead, proponents of free markets need to become aggressive in promoting the repeal of older socialist programs. No matter how good the defense, no sports team ever wins without at least some offense.
Martin, M.K. (November 2010). "The political economy of universal health coverage". Global symposium on health systems research.
Michael. (March 22, 2010). "Healthcare vote: Barack Obama passes US health reform by narrow margin". The Guardian (London).Retrieved on 2nd December2012. .