exam 3 Flashcards
(3 cards)
1
Q
what are some reasons that healthcare costs are so high in the US
A
- information asymmetry
- expensive, high-tech diagnostic equipment
- research
- far more tests per patient than other countries
- systems of payment that create inefficiencies and contribute to high costs
- different types of health insurance with high administering costs for health insurance claims
- malpractice
- our poor health decisions
2
Q
information asymmetry
A
one party has more information than the other party
- quality of doctors
- hospitals or clinics
- costs for individual medical procedures and tests
3
Q
A
