Question

Q : Write a page and a half about any factor that is contributing in decreasing or increasing the cost of healthcare. ( Factors affecting the cost of care)

Please Avoid Plagiarism , Don't use handwriting. Please before Due date :26 March

EXHIBIT 1.8 FACTORS AFFECTING THE COST OF CARE Factors Contributing to Decreases in Costs • Value-based purchasing • Management of physician preference in medical devices • Genric drugs coming onto the market Factors Contributing to Increases in Costs • Emerging medical technology • Chronic diseases • Aging population • More robust use of health IT to manage populations and prevent medical errors • Lean/Six Sigma initiatives • Influx of participants into the market due to extended coverage and insurance mandate . Informed consumers responsible for more of the cost of care Professional liability and malpractice costs • Workplace wellness and employer programs

Answer 1

According to a study five key factors are associated with increasing cost of health care services.

Growing and aging population: health care get more expensive as the population and aging of people increases. Health care spends more cost for services espadrille inpatients care.

Increase in chronic illness: after diabetes the health care conditions with greater cost are hypertension, low back and neck pain, depression, urinary diseases, osteoporosis etc.

Increased ambulatory cost: it include outpatient hospital services and emergency room care increase the most of all treatment catagory.

Rising health insurance: for most of the people increase in cost of health care insurance premiums lies at centre of concerns in rising health care costs.

Higher out of pocket costs: high deductible health care plans impose to high out of pocket cost in most of the Americans.

Demand for medical services has increased because of medicare and medicaids which results in high prices. Thwre are many factors combined together ro affect the health of an individual. Factors like the way we live, the state of our environment, genetics, education level, relationships etc have considerable impact on health. A proper balanced utilisation of health care services can bring out a good positive cost related outcomes.