The increasing cost of healthcare as new technologies are introduced Research Paper

The increasing cost of healthcare as new technologies are introduced - Research Paper Example nt of a variety of different diseases and ailments to a better degree, an underlying economic reality that is invariably represented has to do with the fact that the rapid level of technological advancement represented within the is causing an exponential growth with regard to the overall cost of healthcare. Essentially, the following research paper will be broken into four distinct components. The first of which is predicated upon seeking to define the problem and explain its overall relevance. The second relates to examining the problem from a variety of perspectives and utilizing economics as a means of educating the reader with respect to the complexities of the problem. Thirdly, the analysis will pose a potential solution to the problem and finally point out strengths and weaknesses associated with the proposed solution. It is the hope of this particular author that such a level of discussion and analysis will not only be beneficial with regard to understanding the issue but als o with respect to helping to correct it as future stakeholders will be able to recognize or issues and impact that continue to reduce the overall utility of healthcare by its cost ever upwards. By means of definition, the problem of technology and its growth is ultimately something of a double-edged sword. When one references the fact that limited levels of technology, exhibited during the early 19th century, created a drastically different Outlook for the patient, the reader can adequately see that a focus on improving medical technology and promoting development is as essential as any other aspect of the provision of quality care. Yet, as with any level of focus, it is necessary to understand the fact that there are other requirements that the healthcare profession must necessarily focus upon; not all of which are innately tied to the need to promote further levels of technology. In terms of analyzing this particular problem from a variety of economic perspectives, it should firstly