Rising medical costs are a worldwide problem, but nowhere are they higher than in the U.S. Although Americans with good health insurance coverage can get With the best medical care in the world, the health of the average American, as measured by life expectancy and infant mortality, is lower than the average of other major industrial countries. Inefficiency, fraud and malpractice lawsuit expenses are often blamed for high U.S. costs, but the main reason is overinvestment in technology and people. There are three problems when it comes to the rising costs of health care. The first is the rising cost of prescription drugs. The second area of ​​rising costs involves the rise of technologies in the medical sector. The third problem is the aging population. Prescription drugs are the fastest growing area of ​​healthcare spending and are expected to grow 20-30% annually over the next few years. There are many newer, more expensive medications on the market, and the use of these prescriptions is exploding. Additionally, with so much television advertising, many consumers ask their doctors for expensive, name-brand drugs when in reality there may be a generic drug that works just as well. Over the past decade, scientists have made significant progress in treating some diseases. Unfortunately, just like any new product, the cost of developing these new technologies and treatments is extremely high. Furthermore, unlike other technologies, healthcare technology...