Why is the cost of health care so high in the us and the us, Ask an Expert

Economics

Why is the cost of health care so high in the U.S. and the U.S. does not have the best system. If a person has co-pay health insurance what does he/she base his/her purchase decision on, the real price or what actually comes from his/her pocket? What is demand based on? Should the 3rd party payer system be changed and the parties receiving the benefit have the payment come from them? How might eliminating the 3rd payer affect supply/demand and price? Does this question apply to drugs, visits to the doctor or any medical procedure?

Does this 3rd party payment apply to other issues?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91421089

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