The cost of health care services is a primary concern among the populations. Specialized care is required for all of the most common diseases. A significant number of individuals in the society feel the direct implication of the rising health care costs as a result of their low-income capacities (Smith & Topol, 2013). The high costs imply that extra spending is required in a bid to keep up with the requirements. The services provided cannot be postponed, which is the reason for the continued dwindling of the standards of living among the majority. This paper gives an account of the most important reasons that lead to the increased cost of health care services.
The use of newly developed drugs and technologies often determines the cost of care (Bates, Saria, Ohno-Machado, Shah, & Escobar, 2014). In the current health care setting, there are myriad strains of disease pathogens. It is logical that new drugs are developed to meet the treatment expectations and provide an efficient control over the conditions. The development of the drugs comes with high associated costs manifesting in the form of the relevant research to authenticate their pharmacology. New technological frameworks are also required to meet the demands of the competent health delivery. The ultimate effect is the transfer of these additional costs to the citizens leading to the inevitable increase in the cost of health care.
The high fees paid to physicians also significantly raise the cost of health care. Health care professionals in the U.S. are the leading in regards to the compensation packages accorded to them. The primary caregiving requirement is the specialization of doctors implying that they have a vast knowledge in their particular fields. Such specialty coupled with high educational achievements necessitates the need for satisfactory pay packages. The practice has a direct negative impact on the cost of health care services given the basic costs have to be raised in an attempt to meet the financial expectations of the physicians and the overall caregiving team (Bates et al., 2014).
The fee-for-service system of payment to health care institutions is critical in increasing health care costs. With the system in place, health care institutions and practitioners are paid depending on the number of procedures they conduct and the visits they get from clients (Smith & Topol, 2013). There is an increase in the associated costs due to all the institutions and caregivers attempting to register a large clientele base. They want to attain a higher remuneration. Such a setup risks having an adverse implication on the quality of care rendered owing to the focus on quantity. Doctors will always be looking to record a bigger number of patients attended. Beneficial practices in the standing of follow-up care would thus be stagnated. Therefore, the cost of health care increases without a guarantee of the improvement in the quality of care and patient satisfaction index.
The increased cases of obesity and other chronic illnesses necessitate the need for more specialized care to mitigate them. This results in high cost of health care given the specialized treatment and expensive drugs for most of the conditions. The aging population also contributes to this menace given their susceptibility to infections (Hussey, Wertheimer, & Mehrotra, 2013).
In conclusion, some of the core factors leading to the increase in the cost of health care services need to be reviewed so that a solution is found. The most affected individuals are the low-income earners who cannot meet the high costs. It may be ideal to incorporate subsidies so that a significant waiver is given to the underprivileged. Access to the services would thus be improved.