What he didn’t say, but implied, was that the newest, the best and the most expensive don’t necessarily correlate with better health care.
That’s a point that the Kaiser Family Foundation made in a background brief on health care costs at KaiserEDU.org. Here’s an excerpt:
Some analysts state that the availability of more expensive, state-of-the art technological services and new drugs fuel health care spending not only because the development costs of these products must be recouped by industry but also because they generate consumer demand for more intense, costly services even if they are not necessarily cost-effective.
In addition to the high cost of technology and prescription drugs, the online health policy resource cited the following factors as primary drivers of rising costs:
- Greater prevalence of chronic disease
- Aging of the population
- Administrative costs
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