preview

Cost Curve In Health Care

Satisfactory Essays
Medicaid is one of the factors that can cause the cost curve to shift. The government funded insurance has a profound impact on the cost curve as it increases the cost of health care to recoup funds to cover the cost of care for Medicaid recipients. Health information technology is a subsequent factor that influences the cost curve. In the age of technology, health care organizations must have updated equipment to aid them in providing faster top notch care. In both of these instances, there needs to be a way to fund Medicaid and technology consequently; these costs are passed on to the consumer causing the cost curve to shift increasing the cost of medical services.

Three components that can affect the supply curve are (1) Production, (2)
Get Access