Abstract

THE FACTS are too FACTS miliar. More than 37 million US citizens have no health care insurance, while health care costs have reached 14% of our gross national product. These costs continue to increase at a rate more than twice as fast as inflation. At the current rate of growth, health care costs would exceed 30% of our gross national product by 20301and, theoretically, would reach 100% by 2090.2Providing care to the underinsured will further increase costs. While reducing administrative costs, reducing physician and hospital reimbursement, eliminating interventions of no benefit, and increasing utilization review will produce one-time cost savings, they are unlikely to alter the overall rate of change.3A simple fact of mathematics is that marginal benefit becomes infinitely small (and thus infinitely costly) before it turns negative. Those who argue we should provide all beneficial care must defend spending a million dollars

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.