Healthcare Costs: The Cost Of Health Care

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Health care cost, the cost which are related to health care, and which are not paid for by insurance. The health care costs have continued to consume national budget and even individuals. The increasing healthcare cost are interfering with the rapid economic growth because money intended for development is used on healthcare. The cost of healthcare is determined by the approach adopted by certain government or country. The basic values upheld by a society create a perception that determines cost consideration in formulating procedures, polices and outcome in healthcare. The National Health Insurance (NHI) costs have been steadily rising in the recent past causing a major concern on the impact on individuals, service providers and the government.

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