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Tuesday, August 3, 2010

Why do Healthcare cost continue to rise?

Did you know: Technology is a key driver of health spending?
No doubt, modern medicine is amazing and helps save lives. As better tests and more expensive equipment and pharmaceuticals emerge and become proven treatment options for many, we can expect to see an increase in the use of these services. As a key driver in health spending, technological advances are accounting for an estimated one-half to two-thirds of spending growth, according to Sarah Goodell and Paul Ginsburg in their publication High and Rising Health Care Costs: Demystifying U.S. Health Care Spending.

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