The Cost of Medical Care

Abstract

Health care costs continue to spiral at a rate faster than the general economic sector, due to factors which uniquely affect the health care industry. Several of these factors are discussed. The effect of the spiraling costs are felt throughout all departments of the hospital. Recognition of the need for cost containment measures, by health professionals in addition to governmental laws and regulations and consumer pressures, have stimulated the search for more efficient methods of operation. If cost containment measures are not to affect the quality of care adversely, increases in productivity must be achieved and wasteful operations eliminated. The need for further research in these areas is cited.