Controlling the Cost of Healthcare

Despite significant pressure, some insurance companies, healthcare organizations and physicians refuse to discount their premiums or charges. Many stakeholders, including legislators, consumer groups, and patients, believe that healthcare expenses in the U.S. are excessive. Some critics argue that the cost of medical treatment for Americans is "outrageous".

Discuss this topic by answering the prompts below:

• What can the healthcare industry do to reduce costs and restore public confidence?