Increasing Health Care Costs

Paper Summary:

This paper explores all of the myriad and complex causes of the high cost in today's health care environment and recommends changes that would be the most likely to positively impact change. Charts and graphs are used to help illustrate important points.

Introduction
Prescription Drugs
Medical Devices and Medical Advances
Rising Provider Expenses
General Inflation
Government Mandates and Regulations
Government Programs and Tax Laws
Increased Consumer Demand
Lack of Consumerism
Litigation and Risk Management
Fraud and Abuse
Managed Care System
Conclusion

From the Paper:

"Priority Health also believes that the United States government is at fault for not imposing price controls on pharmaceutical products as do most other industrialized nations, thus leading to drugs costs that are as much as one hundred percent higher in this country. Additionally, the United States government imposes regulations for drug distribution and sales that make drugs less readily available and more expensive than in other countries. Also, government granted patents protect drug for up to seventeen years, limiting competition and driving up prices."

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