Healthcare costs seem to be consistently high all over the world. If you happen to encounter any part of the world where the healthcare costs are low, it is usually on account of certain subsidies. But the actual costs of providing healthcare tend to be remarkably high. And (sadly) due to this fact, huge sections of the human population are often unable to afford quality healthcare when they need it most. In today’s blog post, we will be attempting to identify the specific reasons as to why healthcare costs are always so high.
It emerges that the high cost associated with healthcare is, to a great extent, attributable to the fact that the professionals who provide healthcare services tend to be very highly paid individuals. They (quite justifiably) command huge salaries on account of the rather taxing training regimes they have to go through. But then, the high salaries paid to these professionals have to come from somewhere — and the cost is eventually passed on to the end consumers of healthcare services.
Another reason behind the high cost associated with healthcare is something to do with the fact that medications (and other supplies used in healthcare provision) are rather expensive. The ‘other supplies’ we are looking at include things like gloves, injection needles, lab chemicals… and so on. Naturally, the costs associated with these things are passed on to the end consumers of healthcare services: hence another reason as to why healthcare services tend to be so expensive.
Finally, as yet another reason behind the high cost associated with healthcare, we have the fact that the equipment used in the provision of healthcare services tends to be very costly. Here we are looking at things like the microscopes, X-ray machines, ultra-sound machines, dental chairs, surgical machines, radiotherapy equipment and so on and so forth. These pieces of equipment cost a lot of money, and the costs are eventually passed on to the end consumers of healthcare services.
There is, of course, always the option of having the government subsidize the healthcare costs – as we noted earlier. But even in such cases, it is the end users of the healthcare services, namely the citizenry, who (eventually) have to cater for the said subsidies through their taxes.