Healthcare Cost Analysis

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Cost is the number one concern for the healthcare industry. Many factors contribute to the cost of healthcare such as technology, diagnostic testing administrative cost and other factors. According to Kim, Tanner, Foster, & Kim (2015), Over the last 30 years, the US health care spending has increased from approximately $236 billion in 1980 to $2.4 trillion in 2010. This number will continue to rise over time. Even with health insurance, the cost of care is still expensive. Those who receive insurance through an employer will be responsible for a portion of the premium, deductible and or co-pays depending on the plan. Health insurance plans with deductibles can cause a financial strain the employee is responsible for paying all fee until they
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