Question

In: Operations Management

What do you think about the healthcare costs in the United States and do you feel...

What do you think about the healthcare costs in the United States and do you feel they are higher here?

Solutions

Expert Solution

The healthcare costs are very high in America. If you go to another country you will not found so much expensive. Although America has improved medical hospitals and physicians, experts, and researchers.

Hera are some Reasons-

  • Administration cost is very high in America. Running an hospital is very expensive. AS per an estimation ¼ of the cost is related with the administration.
  • Medicare does not have the power to negotiate with the drug makers about the prices of the drugs. This is why the drugs are so expensive.
  • Doctors are afraid of being sued if they commit any error. That is why they recommend more tests to clear the doubts. This is called defensive medicine. This increases the cost of the healthcare system.
  • Wages and time and work rule also affects the cost of the health care system. The healthcare units employ more employees because the employees have fixe working hours in a week. In other country there is long working hours.

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