HEALTH CARE ISSUE

This chapter is dealing with the issues of rising health care prices and how it effects Economics. The Gross Domestic Product has grown causing the spending per person on health care to rise. In real terms Health Care today is three times more than in the 1960's. Real Terms means is when the effects of inflation are taken into account. So this means that just because Health Care spending is up does not mean we …

…care providers without involving the consumer. The government could put all hospitals on a budget to keep unnecessary buying down. The other solution is patient power which the consumers are to have a medical savings to use just on medical expenses. For the health care market to be efficient benefits and cost must be balanced. After reading this chapter I do not know if there will or could ever be a fair health care system.