“The issue is that most people tend to use standard inflation measurements such as consumer price inflation . This is a false equivalency as. This is why the industry references healthcare inflation as a more relevant metric,” Comrie said.
Comrie said the cost to research, procure and distribute these treatments form part of what the healthcare industry calls ‘new technology tax’, a typical driver of healthcare inflation. “This number of elderly people will continue to increase, which will put further strain on the healthcare system and lead to rising costs.”
“This is not about the clinic or available hospital facilities but the skills who operate and provide services in these facilities. We are simply not creating enough nurses, doctors, and specialists in our system to actually create more supply of services for people to access. “We are always carefully considering the claims we receive and engage regularly with specialists and hospital groups to limit their prices but also to improve their outcomes.”
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