Asked by Trinity O'Neill-Torres on Jun 11, 2024
Verified
Technological progress in the health care industry has typically reduced costs and increased supply.
Technological Progress
The advancement of technology, leading to increased efficiency, the development of new products and services, and improved quality of life.
Health Care Industry
A sector that provides medical services, manufactures medical equipment or drugs, provides medical insurance, or otherwise facilitates the provision of healthcare to patients.
- Understand how various factors have influenced the rising costs of health care in the U.S.
Verified Answer
SP
shubham pardeshi
Jun 13, 2024
Final Answer :
False
Explanation :
Technological progress in the health care industry often leads to the development of new, more advanced, and sometimes more expensive treatments and equipment, which can increase costs. While it may improve outcomes and efficiency, it doesn't necessarily reduce costs or increase supply in the short term.
Learning Objectives
- Understand how various factors have influenced the rising costs of health care in the U.S.