According to some, one of the reasons for controlling the rising cost of care is that...

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According to some, one of the reasons for controlling the risingcost of care is that it makes American business less competitiveinternationally. This will be the topic of this week’s discussionquestion. First, discuss the notion that the market for labor iscompetitive, especially in healthcare. What happens when a firm orindustry passes high labor costs to consumers? What happens if anindustry is strongly unionized? List and discuss the possibleadverse effects of rising medical cost on the US economy. Aftercompleting your research, do you feel that the rising costs of caremakes US businesses less competitive internationally?

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United States indeed has one of the best health care systems in the world The country has the highest health care spending capacity in the world US takes sufficient measures to address the health and safety of its citizens need wise as well as age wise Numerous old healthcare schemes facilitate the care of older citizens USAs healthcare crisis comprises the following issues Problem of the uninsured citizens and growing cost of insurance premium Ownership of premium payment Unaffordable healthcare premiums Controversy over Affordable Care Act Restricted coverage of physicians and hospitals Out of these the most pressing issue related to healthcare financing is See Answer

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