Cost Containment Analysis

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Controlling the cost of medical care is an essential element of health care reform. Without adequate cost control measures, ensuring widespread access to care may become unsustainable. Cost containment approaches should not compromise value in health care; however, cost containment efforts should focus on reducing redundancy and waste, improved care management, and improved delivery of excellent value in health care. According to Jessup (2012), containing the costs of care can be useful to government, employer, and household budgets, but it may have a detrimental impact on innovation since health care costs are the main source of revenue for medical innovators. One of the health care treatment that is controversial and is costly is the patient

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