What are some possible reasons for high and rising costs of health care?

Question

Quizplus · Accepted Answer

All of these factors contribute to the high and rising costs of healthcare. The use of sophisticated and high-priced equipment, combined with the need for well-compensated medical personnel to operate it, drives up costs. Innovative but costly treatments for some illnesses also contribute to rising healthcare costs. Additionally, the increasing number and longevity of elderly people require more healthcare services and resources.

What Are Some Possible Reasons for High and Rising Costs