According to some, one of the reasons for controlling the risingcost of care is that it makes American business less competitiveinternationally. This will be the topic of this week’s discussionquestion. First, discuss the notion that the market for labor iscompetitive, especially in healthcare. What happens when a firm orindustry passes high labor costs to consumers? What happens if anindustry is strongly unionized? List and discuss the possibleadverse effects of rising medical cost on the US economy. Aftercompleting your research, do you feel that the rising costs of caremakes US businesses less competitive internationally?
