Addressing Overall Expenditures in the U.S. Health Care Industry 1 answer below »

Addressing
Overall Expenditures in the U.S. Health Care Industry

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Consider whether, in your view, the
overall costs associated with health care are too high. On what grounds do you
base your conclusion?

Select one of the following submarkets of health
care:

  • Physician services
  • Nursing services
  • Medical technician services
  • Physical facilities (e.g.,
    hospitals, specialized, imaging, long-term care)
  • Medical technology
  • Pharmaceuticals

Questions
(Please use references to support information)

·
Briefly
summarize your views on whether the total expenditures for health care in the
United States are too high. Provide your rationale, including the criteria you
are using for your assessment.

·
Propose one specific approach to help contain
costs in some way. How would supply and demand be affected? Explain how this
shift could be brought about.

·
Describe the benefits of this approach. How
much do you think this approach would lower market price? Could the outcomes
differ in the short term and long term?

·
Assess potential unintended consequences of
this cost-containment effort.

·
All in all,
do you think this is a feasible approach for reducing overall costs? Why or why
not? Provide the rationale for your response.

References to support