Unit 4 Discussion Board Essay Example | Topics and Well Written Essays - 500 words

Unit 4 Discussion Board - Essay Example For this case, they are not distributed in areas that are undesirable but those areas that are desirable. from federal government. In United States, the healthcare industry is one of the heavily regulated industries. According to Cato Institute study, they noted that there is a total cost of $340 billions on health care by the public whereas due to regulatory, there is a benefit amounting to $170 billions. The difference in the cost arises from facilities regulations, FDA regulations and medical malpractice. The technicians who have not attained a medical degree are not allowed to perform any diagnostic and treatment procedures that carry any risk thereby the cost of healthcare provision goes up. The government too has no financial incentives that can bargain with healthcare providers hence they bid up healthcare cost. (Cunningham and May, 2006) Other non financial resources provided by the federal government in the healthcare industry are facilitation of development of new drugs and pharmaceuticals. The food and drug administration too play a great role in the pharmaceutical industry. They offer a central regulatory role by overseeing production and marketing of drugs and pharmaceuticals besides setting of prices or other economical or financial role. Development in the healthcare industry in United States can also be seen to have advanced whereby there is specialization in treatment. For example there is a big difference between osteopathic and allopathic medicine. Osteopathic is seen as a treatments of involving correction of the position of joints and tissues and for their cases, they emphasizes on diet and environmental factors that can destroy natural resistance. On the other hand Allopathic medicine is whereby a physician is seen as an active intervention who attempt to treatment that produces counteracting