how has government regulation and oversight influenced health care products and services

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The government regulation and oversight influenced the various stakeholders like patients, physicians, general public and the other payers of the medical related expenses. It also has influenced the changes in health care products and services. As the healthcare provides essential services therefore a check on the cost of healthcare services is necessary therefore it has limited the medical cost is significantly and benefited the individuals. Through government regulations, the health care services are becoming affordable for many individuals otherwise it was out of their reach. Oversights on Medicare insurer ensure the passing of the benefits to individuals in the form of reduced cost of health care services, quality of healthcare and many options to choose. The quality of services has also improved because of favorable government regulations and extensive use of information technology in the health care and claim settlement. Therefore government regulation and oversight has benefited the individuals from improvement in overall health care services and value for money.

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how has government regulation and oversight influenced health care products and services

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