Healthcare costs Flashcards
1
Q
healthcare costs in US
A
higher costs, worse quality
2
Q
micro costs
A
cost to individual (premium/copay)
3
Q
macro costs
A
to payers/systems
4
Q
general cost drivers around the world
A
aging population, chronic disease, fee/services
5
Q
usa main cost drivers
A
pharm, imaging, high volume/high margin, administrative waste
6
Q
USA spends 50% on what?
A
hospitals and doctors
7
Q
puppy induced demand
A
not good, not healthy market, excess use
8
Q
price of care in US
A
variable with private payers, quality of provider, hospital characteristics, gov’t rates, market all play a role
9
Q
administrative waste due to
A
multiplayer system- complicated, any new payment system will increase this.
10
Q
price vs volume
A
we do more procedures/imaging and it costs more
