Factors Driving Healthcare Spending Increase
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Factors Driving Healthcare Spending Increase

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Questions and Answers

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?

  • 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?

  • 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?

    <p>Increases production costs of treatments</p> Signup and view all the answers

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