MEDICAL COSTS: WHY THE GREAT RISE?

SINCE WORLD WAR II, MEDICAL CARE COSTS HAVE ADVANCED AT A RATE 54 PER CENT GREATER THAN THE OVERALL RISE IN THE GOVERNMENT'S CONSUMER PRICE INDEX. AND SINCE 1965, MEDICAL COSTS HAVE BEEN RISING TWICE AS FAST EACH YEAR AS OTHER COSTS. HEALTH CARE EXPERTS HAVE TAKEN A HARD LOOK AT THE PROBLEM LATELY AND HAVE ISOLATED SEVERAL IMPORTANT FACTORS: (1) GREATER DEMAND FOR MEDICAL SERVICES, (2) HEALTH MANPOWER SHORTAGES, (3) ABSENCE IN THE HEALTH CARE FIELD OF NORMAL INDUCEMENTS FOR EFFICIENCY, (4) LACK OF COORDINATION AMONG HOSPITALS, (5) UNUSUAL LABOR DEMANDS IN THE HEALTH FIELD, AND (6) ADVANCING MEDICAL TECHNOLOGY. WITH PROSPECT THAT PUBLIC DEMAND FOR CARE AND EXPENSIVE ADVANCES IN MEDICAL SCIENCE WILL CONTINUE TO INCREASE INDEFINITELY, AND THAT INEFFICIENCIES AND MANPOWER SHORTAGES WILL CONTINUE AT LEAST IN THE SHORT RUN, IT IS CERTAIN THAT MEDICAL COSTS WILL CONTINUE TO GO UP. HOWEVER, AFTER ANOTHER THREE YEARS OR SO OF STEEP INCREASE, WE SHOULD EXPERIENCE A LEVELING OFF AT LEAST IN THE AREA OF HOSPITAL COSTS. /AUTHOR/

  • Supplemental Notes:
    • Vol 45, pp 22-25
  • Publication Date: 1969

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Filing Info

  • Accession Number: 00201751
  • Record Type: Publication
  • Source Agency: Traffic Systems Reviews & Abstracts
  • Files: TRIS
  • Created Date: Jun 15 1970 12:00AM