The impact of technological change in the health-care area has been to

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Technological change has led to the development of new medical procedures, equipment, and medications that have improved the quality of health care. However, these advances have also increased the monetary costs associated with health care, as the new technologies often come with high costs of development, production, and maintenance. Therefore, both quality and monetary costs have increased with technological change in the health-care area.

The Impact of Technological Change in the Health-Care Area Has