Health Care Costs on the Rise

The video discusses the rising costs of healthcare, driven by inflation and increased service usage. It highlights the importance of early treatment and preventive care to reduce expenses. Alternative care centers like urgent care are promoted as cost-effective options. The video also examines healthcare cost trends and the potential for preventive care to improve health outcomes and reduce high-cost claims.

What is one suggested method to reduce healthcare costs mentioned in the first section?

• Increasing hospital visits

• Promoting the use of walk-in clinics

• Reducing medical staff

• Raising insurance premiums

According to the second section, what is a factor contributing to the rise in medical plan costs?

• Lower inflation rates

• Reduction in service usage

• Provider contracting and commercial plans

• Decrease in healthcare demand

What is the expected annual increase rate for medical plan costs in 2023?

• 5 to 6%

• 9 to 10%

• 7 to 8%

• 3 to 4%

How can preventive care impact healthcare costs according to the third section?

• By catching health issues early

• By increasing hospital admissions

• By delaying treatment

• By reducing the need for screenings

What consequence is mentioned for not taking preventive care screenings during the pandemic?

• Increase in early-stage cancer diagnoses

• Reduction in hospital visits

• Decrease in healthcare costs

• Increase in late-stage cancer diagnoses