1. Our aging population has more health needs than younger people.
2. We're saving a lot more seriously ill people.
3. New treatments are generally very expensive.
4. Doctor's offices and hospitals have greatly expanded and cost more to maintain.
5. Additional clerical help is necessary to process the many different forms and health care claims.
Hey Ann, these are my answers to the question. Next time, try google and you will find this course very easy.
Three major causes or reasons why health-care costs keep rising or increasing are:
1) Pharmaceutical Expenses.
2) High malpractice premiums brought on by a litigious society that wants to sabotage doctors.
3) Health insurance costs.
Each of the causes of increasing cost of health-care mentioned above has a very serious impact on society. Take pharmaceutical expenses, for example pharmaceuticals comprise the fastest growing portion of health-care budgets in the private sector and government. The main cost drivers include changing product mix and increasing use. Underlying factors include research, development, and promotion costs, including direct-to-consumer advertising. By requiring limited cost sharing for prescription drug benefits, insurers are shielding consumers, creating an incentive for increased demand.
High malpractice lawsuits are not helping society to improve the economy either. When doctors are forced to pay clients millions of dollars to settle a lawsuit, of course, the doctor’s malpractice insurance premium will increase and the doctor will have no choice but to increase the cost of services that is provided in his, or her practice. Now there are situations where medical negligence has happened and the doctor needs to be held accountable, but people get greedy and ask for a very big settlement.
Many national surveys and research show that the primary reason people are uninsured is the high cost of health insurance coverage. Some people are facing serious problems on how to pay off medical bills as they are so expensive. Others continue to put off going for medical visits or procedures because they cannot afford the high cost of medical care. A recent study found that 50 % of all bankruptcy filings were partly the result of medical expenses. Every 30 seconds in the United States someone files for bankruptcy in the aftermath of a serious health problem.