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Why is this particular factor driving up the cost of health care?
The primary factor driving high healthcare costs is the increase in the aging population around the world. Here, baby boomers continue to be a large segment of the American population. Likewise, these same age demographics and costs are occurring in other developed nations such as Japan and the European Union. Here, a large and consistent growth in older individuals creates an outsized demand for medical services and associate ancillary services. These individuals are also living much longer due to advances in medical technology which is ultimately resulting in higher demand for healthcare goods and services. The large number of retirees, the advances in medical technology and the longer life pans all contribute to rising healthcare costs. The primary factor here however is simple a large amount of people is now entering the retirement stage of life and therefore demand larger amounts of healthcare related services (Rother, 2016).
How will you, as a nursing leader, have the ability to impact the cost of health care delivery?
As a nurse leader, my primary impact will be heavily based on the efficiency and accuracy of services provided and tendered to society. Waste, fraud, and abuse continue to be a large factor in the overall costs of healthcare within the developed world. By being a leader that emphasizes efficient operations, that are free from error, costs can be lowered. Here, it is important as a nurse leader to embrace changing technologies that improve these critical functions. These innovations include telehealth and telemedicine, each of which are designed to help lower the cost of healthcare (Gupta, 2011).
References
1. Gupta, A. (2011). Universal Access to Healthcare: Threats and Opportunities. Economic and Political Weekly, 46(26/27), 2730. http://www.jstor.org/stable/23018636
2. Rother, J. (2016). Top of the Administrations Agenda: Stem the Rising Cost of Healthcare. Generations: Journal of the American Society on Aging, 40(4), 3037. https://www.jstor.org/stable/26556244
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