Health care in the US continues to be a major topic of discussion. It has been one of the most important issues of the last two national political campaigns, and will likely to continue to be. There are estimates that health care accounts for almost 18% of the nation's GDP.

Why does health care spending continue to grow in the U.S.? Consider specific, demonstrable reasons, as opposed to vague concepts like "greed," etc.

How does health insurance distort the normal supply and demand dynamics in health care, as opposed to other products and services?

Consider marginal cost and marginal benefits of a service that is at least partially covered by insurance. What other considerations make health care different from other products and services?

Answer rating: 100% (QA)

Answer Factors Contributing to the Growth of Health Care Spending in the US 1Technological Advances The continuous development of medical technologies and treatments often comes with high costs contri... View the full answer