Technology and Cost: An Inverse Relationship

When one goes up, the other goes down. A rise in technology almost always brings about a fall in cost. With new materials and processes constantly being developed by scientists, the costs of old methods decrease exponentially. A computer chip used to cost a fortune, but now they can be developed for as little as a cent. With the invention of cheaper and more efficient medicines and methods for administering healthcare, the cost of healthcare will be reduced.

List of ways to reduce healthcare using technology:*
Medications
1.Using Solid State Chemistry to produce medications in large quantities in a safe, contained way
2.Using Soil to produce Antibodies as opposed to bacteria. The amount available is great; it just has to be researched.
3.Using synthetic materials in medications that are cheaper to produce
Patient-Doctor Relationship
4.Computerized surgery would decrease the cost of surgery (no doctor fees, only technician fees.)
5.Computerized, monitoring chips that could check your vital information, decreasing the time of doctor-patient interactions.
Administering Medications
6.Higher accuracy in treatments would decrease the amount of treatment needed
7.Use solid state chemistry crystals to administer medications in the right proportions at the right times
8.Administering drugs through pills as opposed to needles, which need a nurse to inject
9.Higher accuracy in treatments would decrease the amount of treatment needed, hence save money.
Overall Cheaper Practices
10.Using the human body as a store house for personal medications (i.e. causing your body to create the medications you need for your disease.)
11.Earlier detection methods (using blood, scent or DNA as a method of detection.)

*All these methods if decreasing healthcare costs would be expensive to implement and to initially produce, but overall, would decrease healthcare costs.