Impact of Medical Technology on Expansion in Healthcare Expenses

Abstract

the impact of medical technology on expansion in health care expenses has long been a subject of essential interest, mainly in the context of long-term outcrops of health spending, which must deal with the issue of the applicability of historical trends to future periods. The idea of this paper is to assess an approximate range for the involvement of technological alteration to growth in health spending, and to assess factors which might adjust this impact in the future. Based on the studies re-examined, we estimated that roughly half of growth in actual per capita health care costs is attributable to the beginning and diffusion of new medical technology, within an approximately probable range of 38 to 62 percent of expansion.