Problem: Summarize and Paraphrase
While technology has played a large role in the growth of the healthcare industry in the United States, it's also operating at an inefficient level. The U.S. is not producing technology in a cost-effective way which is leading to an oversupply of technology, inefficiencies, and wasted costs. Looking through a lens that identifies technology as being the key determinant of rising healthcare costs, we've seen that an inefficient level of technology leads to massive costs which get passed off onto the consumer in the form of higher drug prices. Moreover, monopoly power from major drug and tech companies has given them the ability to price drugs and medical technologies as they see fit which has caused prices for Americans to become out of control. Need Assignment Help?