Research and Describe the Cost-Benefit of Medical Technology

The Cost-Benefit of Medical Technology.
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The Cost-Benefit of Medical Technology.
It is a common perception that American citizens have better access to healthcare and related services more than any people in any country in the world. A closer look at this attitude reveals some challenges in the American health care system, mentions Rosanthel (2013). One such constraint grounds from technology development and exploitation in the health sector. As observed, technological growth is apparently increasing the cost of medical services (Shi & Singh, 2014). A post on medicaltourism.com states that most Americans are traveling to Mexico, or Costa Arica, specifically for knee replacement (Medical Tourism Corporation, n.d.). This observation attracts concerns on the general cost of medical technology in the United States and its benefits.
There is a wide variation in the cost of a knee replacement in Mexico or Cost Arica as compared to the United States (Shi & Singh, 2014). The level of technology available in the United States matches or exceeds some of the best performers in the health sector. However, the American health system is less controlled as compared to countries like Japan as noted by Parmenter (2015). In the US, health service seekers tend to negotiate and agree with providers. In such an environment, patients are exploited according to their financial potential (Shi & Singh, 2014). More often, increased cost does not guarantee best medical s...