Health Care

HCS/440

Health care economics has changed significantly over the course of history of the United States. Many think these changes are due to the evolutionary changes the US has undergone since its creation, the major contributing factors that influence the changes in health care economics are advances in technology and medical care. Other factors that have contributed to the growth of health care spending include increases in personal income and the growth of insurance coverage. The rapid advances in technology and pharmacology have contributed to rising health care costs. By comprehending the history of health care economics, and recognizing the flow of funds within the health care system, financial managers are able to be more prepared for the future. It is important to...