Answer :- Medical technology advancement includes electronic medical reports, robotic mahine surgery , innovation of various new drugs and vaccines in the market. This increases the cost of health care. New medical technology advancements is better for healthcare but it also increases the cost. When new vaccines comes in market it may be expensive upfront, but in the long run it will stop the spread of disease or virus eventually reduces healthcare cost.
* New medical technology contributes 40%-50% increase in annual healthcare cost. Medical industries makes billions from selling of these advance technology. Cutting these technology is not a option as it seems immoral/wrong.
*Advancement of medical technology has given us antibiotics,drugs, vaccines, good cancer treatment, surgical advances and heart disease care which directly increased the cost of healthcare services.
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