Identify the factors contributing to the rising cost of health care. When did rising health care costs become an issue?

A growing population is a major factor in rising costs of healthcare. Other factors include consolidation within the industry, which may lead to increased insurance rates. On top of that, administrative expenses such as bills and paperwork can add up. In some markets there may also be less competition, which allows providers to charge higher prices.

In recent years, rising healthcare costs has become an issue. This is due to advances in medical technology that have allowed better diagnosis and treatment but also at higher prices. The rising cost of drugs, which were once available over the counter but now need a prescription to buy them, is another major driver.

By identifying these various factors, we can start working on strategies to reduce wasteful spending and ensure quality healthcare is available for everyone regardless of financial status or geographic location.