Financial Management in Health care Organizations

In America, we spend more money on health care than any other nation. In fact, taken as a percentage of gross domestic product (GDP), we spend more than twice as much as other developed nations. Why is that? What are the key factors that have made health care so expensive in America? Based upon your learning here and your own experiences with the healthcare industry, what are your own ideas for reducing healthcare costs in America? Please include the name of the person or question to which you are replying in the subject line. For example, “Tom’s response to Susan’s comment.”
ALSO PLEASE REPLY TO ANOTHER STUDENTS COMMENT BELOW 
Lastace:
Healthcare is twice as much in any other country. If the healthcare sector was ranked as a country it would be the fifth largest according to economy in the world according to Investopedia. The cost of this financial burden is due to lost wages, higher premiums, taxes, and out of pocket expenses that cost more than $8,000. With all the money that is spent on healthcare it is ranked at number 37 in the healthcare system. Healthcare is expensive because of administrative cost, the cost of medicine, the practice of defensive medicine, the expensive mix of treatments that are used, staff wages and work rules, and branding based on the payer. The cost of healthcare can be reduced by saving money on medicine, keeping patients informed, lowering the number of medical test, increasing competition, and taking care of one’s own health because our daily activities such as our diet, alcohol, and smoking to name a few causes health issues. 
https://www.marketwatch.com/story/5-ways-to-lower-health-care-costs-in-the-us-2018-03-08
Approximate price: $22
We value our customers and so we ensure that what we do is 100% original..

With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.