After or around the 9/11, the healcare costs skyrocketed. Why?
Did the half of the nation's doctors and nurses quit all of sudden? Did the drug prices double overnight? Did hospitals go bankrupt?
Why did the healcare costs skyrocket all of sudden after or around the September 11th?
2006-11-08 19:47:43 · 2 answers · asked by Dumbo 3 in Social Science ➔ Economics
Health care cost had been contained in the 90's by increasing the use of HMO's. The trend toward HMO's stop around 2001, either from a change in government policies, or a saturation of market.
2006-11-08 22:47:04 · answer #1 · answered by meg 7 · 1⤊ 0⤋
wtf does 9/11 have to do with rising health care? Health care costs are going up for these reasons. 1) uninsured people who wait until they are very sick get treated for free. Someone has to pay for it, the insured and people of means. 2) Hospitals feel the need to constantly compete with each other. Rather than referring someone to a different hospital for treatment or a test, they go buy the latest greatest equipment and that's expensive. 3) It's difficult to get people to work in fields like nursing so they have to pay really well.
Drug prices are so high because research and development is very expensive. If the drug companies sold their products for just a little over production costs, no new drugs.
2006-11-09 04:06:51 · answer #2 · answered by m-t-nest 4 · 0⤊ 0⤋