Explanation The spending on health care in the United States of America has been rising steadily since the end of the Second World War. The portion occupied by medical care out of the national output is 17.8%. It is expected to grow further during the next few years. The area is subject to discussion as the money spent on medical care is a major concern of the policy makers. When an essential service is being provided to the general public as an entitlement, the amount spent on the same would increase rapidly, until it reaches to an unaffordable level. The situation would be different provided that the service is being rendered free of charge. Cost containment is an important concept in relation to the medical care expenses in the United States of America. Cost containment refers to a practice where expenses of an entity are being maintained with caution so as to prevent unnecessary costs. In other words, cost containment refers to leveling down expanses thoughtfully. This is being done to enhance the profitability of an entity, while preventing long-term damage...

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ISBN: 9781337668279

Author: Henderson

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Chapter 1, Problem 3QAP

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The importance of cost containment in establishment of a national policy on health care and the alternative goals of such a system.

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Chapter 1 Solutions

EBK HEALTH ECONOMICS AND POLICY

Ch. 1 - Prob. 1QAP Ch. 1 - Prob. 2QAP Ch. 1 - Prob. 3QAP Ch. 1 - Prob. 4QAP Ch. 1 - Prob. 5QAP

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The importance of cost containment in establishment of a national policy on health care and the alternative goals of such a system.

Solution Summary: The author explains the importance of cost containment in the establishment of a national health care policy.

The importance of cost containment in establishment of a national policy on health care and the alternative goals of such a system.

Chapter 1 Solutions