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Questions and Answers
What is one of the reasons why healthcare spending is on the rise?
What is one of the reasons why healthcare spending is on the rise?
- Decrease in prescription medication costs
- Low average utilization of services
- Advances in medical technology (correct)
- Decline in population growth
Why does the US have higher healthcare spending as a percent of GDP compared to other countries?
Why does the US have higher healthcare spending as a percent of GDP compared to other countries?
- Decrease in population growth
- Lower prescription medication costs
- Decreased fees for service
- Advancements in medical technology (correct)
What is an effect of new experimental treatments on healthcare spending?
What is an effect of new experimental treatments on healthcare spending?
- Decreased cost of technology
- Less need for medical devices
- Increased testing costs (correct)
- Lower prescription medication costs
How does the rapid pace of medical innovation impact healthcare spending?
How does the rapid pace of medical innovation impact healthcare spending?
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