Friday, January 16, 2015

Are The Economics Of Healthcare Getting You Sick?

     Transactions in healthcare are no different than transactions and profit in any other field. Profit=(price-cost)*quantity, however most medical bills are paid for my insurances or Medicare. As time goes on inflation and population continues to increase and insurance providers are not willing to pay more, this turns into a loss of revenue for those in the medical field who then make up for lost revenue by cramming more patients into a schedule. This article calls to revolutionize the way care in given and received, comparing it to other fields that have recently advanced in recent year. Medical care needs to be reevaluated for the modern world so that increasing prices and population don't continue to cause more issues. 

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