Video: U.S. health care costs impacted by technology innovations, drug research investments
Much of the increase in the price of healthcare in the United States can be traced back to technology advances that improve patient outcomes, but are expensive to develop and implement. Offsetting some of that expense are the savings that result from drug therapies that have replaced other, more costly treatments. In a video interview conducted in collaboration with The Communications Institute, Knowledge@W. P. Carey asked health economist Marjorie Baldwin of the W. P. Carey School of Business to analyze some of the causes of rising healthcare costs.
Much of the increase in the price of healthcare in the United States can be traced back to technology advances that improve patient outcomes, but are expensive to develop and implement. Offsetting some of that expense are the savings that result from drug therapies that have replaced other, more costly treatments.
In a video interview conducted in collaboration with The Communications Institute, Knowledge@W. P. Carey asked health economist Marjorie Baldwin of the W. P. Carey School of Business to analyze some of the causes of rising healthcare costs.
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