The cost of prescription medications, an indicator of healthcare costs, has skyrocketed from $2.7 million in 1960 to $271.1 billion in 2013. What would be a reason for the increase in prescription medication costs?
1. Technology costs associated with new drug development
2. Health insurance covers all medication costs
3. People want more prescription medications for all of their illnesses.
4. The majority of prescription medications are used by an increasingly aging population.
1
Explanation: 1. Technology associated with new drug development has contributed to the skyrocketing costs of prescription medications.
2. Health insurance does not cover all medication costs. It depends on the health insurance policy.
3. The use of prescription medications for illnesses has increased, but it is a generalization to assume that people want more prescription medications for illnesses.
4. The population is aging, but this group does not account for the majority of prescription medications used.
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