Why is Healthcare so Expensive
Abstract
The United States healthcare system is known as expensive but not effective. This paper aims to find a possible solution for the current health care affordability difficulties in different areas. The paper examines four existing issues with the current healthcare system including unnecessary usage of technology, non-uniform pricing system, lack of preventive measures, and insufficient insurance coverage. It proposes the following solutions: entrepreneurial innovations, standardized pricing systems, selected preventative measures and regulated insurance coverage, respectively.
The next stage of the research is to quantify the research through financial modeling and find the most optimized public funding allocation.
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