Why Hospital Is Different From Other Industries? Health care is different from other goods and services: the health care product is ill-defined, the outcome of care is uncertain, large segments of the industry are dominated by nonprofit providers, and payments are made by third parties such as the government and private insurers. Why is healthcare
How Did The Health Care Become Big Business? Doctors, hospitals, insurers and drug companies are entangled in vicious financial and regulatory cycles that spike costs but don’t necessarily deliver better care. Health care is big business and it seems patients are commodities in a high-stakes scheme that often puts profits before people. What contributes to
How Big Of An Industry Is Health Insurance? The Health & Medical Insurance industry in the US is the 1st ranked Finance and Insurance industry by market size and the 5th largest in the US. How much is the healthcare insurance industry worth? The health insurance industry continued its tremendous growth trend as it experienced