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Tuesday, April 11, 2006

Inflation of Medical costs


Health is wealth, a healthy people can work harder and have higher productivity. So health is a productive asset. The uncertainty of occurrence of ill-health, and the large medical bills that it may lead to creates a need for insurance or borrowing to finance health expenses. Today paying for medical treatment goes extremely expensive. Though there are many government hospitals, public health centers and clinics, people prefer private hospitals and its treatments, because of its better service.

Here the main thing is that everything is related with private medicine costs a lot of money from the drugs and highly equipped, highly skilled and experienced staff. Indeed the inflation of medical costs is rising at a much higher rate than that of the economy. There is also significant variation in the fees and medical costs.The Medical Practitioners and Dentists´ Board recently drew up guidelines for charges and fees covering a wide range of medical procedures.

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