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Advances in medical technology that replace existing devices with more expensive versions are among the top factors in skyrocketing U.S. healthcare spending, according to the Bipartisan Policy Center.

healthcare costs

Overuse of expensive and unnecessary medtech innovations is among the key drivers of the skyrocketing cost of healthcare in the U.S., according to a new report from the Bipartisan Policy Center.

Studies suggest that by within the next 10 years $1 out of every $5 spent in the U.S. will go toward healthcare, and advances in medical devices are among the top 8 factors in increased spending, the BPC concluded.

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