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Cost Reduction In Health Care

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Cost Reduction In Health Care
Tort reform is a start and will help in the reduction of health care costs for individuals and firms. However, for a more comprehensive reduction, the costs of all health care inputs need to be evaluated. If it is truly a competitive market/industry – why not let it act as one? Currently, what reward does a hospital or health care provider have for cost reduction? If there is no incentive, why would a health care provider want to reduce its cost Therefore, only through industry wide reform will lead to reduction in medical
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