Technology, medical equipment driving health care costs
| 2 min read
Some analysts state that the availability of more expensive, state-of-the art technological services and new drugs fuel health care spending not only because the development costs of these products must be recouped by industry but also because they generate consumer demand for more intense, costly services even if they are not necessarily cost-effective.
- Greater prevalence of chronic disease
- Aging of the population
- Administrative costs