Which of the following is driving health-care expenditures upward?

Question

Quizplus · Accepted Answer

All of the listed factors contribute to the upward trend in healthcare expenditures. Rising living standards often lead to higher expectations for healthcare services. Advances in medical technology can increase costs due to the development and use of more sophisticated and expensive treatments. The increased dominance of third-party payers can lead to higher healthcare spending as it changes the way services are paid for and can reduce the direct cost sensitivity of both providers and patients.

Which of the Following Is Driving Health-Care Expenditures Upward