Determine one (1) key driver of health care cost escalation.

Answer every question individually (kim woods)

Health care cost inflation is driven by the complexity and specialization of healthcare treatments. As new technologies and treatments are developed, they become more expensive to use – often times requiring specialized equipment or personnel that increase overall costs.

Patients are living longer because of medical advances, which means that they require more ongoing care. This can lead to an increase in healthcare costs.

Finally, new medications are constantly being developed by pharmaceutical companies. This is combined with the fact many insurances require preauthorizations prior to these drugs can be prescribed.

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