Many would concede that healthcare prices have been irrational in recent years. How did they get that way?

Need a paper written? Our academic experts can create an original essay on any subject for ~~$13.00~~ $11/page Learn More

Objectively, the U.S. health care system should be described as private-sector oriented instead of government regulation of medicine. Therefore, clinics often have a concentration on more affluent clients with private insurance. At the same time, the irrationality of prescription prices is justified by the lack of a coherent public policy in which drug manufacturers can inflate prices due to extended patent rights.

The lack of medical education and awareness also becomes a reason why citizens may pay more than objective reasons require. Finally, the features of new-age evidence-based medicine require a large number of diagnostic tests, which is not a cheap procedure for the patient and is often not fully covered by the insurance plan.

Rate the answer:

Further research on topic

Answer by Academic.tip's expert

An answer to this question is provided by one of our experts who specializes in health & medicine. Let us know how much you liked it and give it a rating.

Cite this page

Select a citation style:

References

Academic.Tips. (2022) 'Many would concede that healthcare prices have been irrational in recent years. How did they get that way'. 8 December.

Reference

Academic.Tips. (2022, December 8). Many would concede that healthcare prices have been irrational in recent years. How did they get that way? https://academic.tips/question/many-would-concede-that-healthcare-prices-have-been-irrational-in-recent-years-how-did-they-get-that-way/

References

Academic.Tips. 2022. "Many would concede that healthcare prices have been irrational in recent years. How did they get that way?" December 8, 2022. https://academic.tips/question/many-would-concede-that-healthcare-prices-have-been-irrational-in-recent-years-how-did-they-get-that-way/.

1. Academic.Tips. "Many would concede that healthcare prices have been irrational in recent years. How did they get that way?" December 8, 2022. https://academic.tips/question/many-would-concede-that-healthcare-prices-have-been-irrational-in-recent-years-how-did-they-get-that-way/.

Bibliography

Academic.Tips. "Many would concede that healthcare prices have been irrational in recent years. How did they get that way?" December 8, 2022. https://academic.tips/question/many-would-concede-that-healthcare-prices-have-been-irrational-in-recent-years-how-did-they-get-that-way/.

Work Cited

"Many would concede that healthcare prices have been irrational in recent years. How did they get that way?" Academic.Tips, 8 Dec. 2022, academic.tips/question/many-would-concede-that-healthcare-prices-have-been-irrational-in-recent-years-how-did-they-get-that-way/.

Copy