Does Technology Increase the Cost of Health Insurance?
The rising cost of medical technology has increased the cost of routine procedures. The increased cost of routine procedures has contributed to the rising cost of health insurance. Hospitals are under pressure to offer the latest technologies just to stay competitive. This trend is causing the cost of health insurance to increase year over year.
Health insurance costs have also increased due to the growing number of uninsured individuals. In addition, the low reimbursement rate from state Medicaid programs and federal Medicare programs has also contributed to the rapid increase in health insurance costs.
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