Answer: Price and availability
Explanation:
The price and availability of healthcare services are impacted by the law of supply and demand, which has an impact on healthcare. Factors like the need for healthcare and how it differs from the underlying need for health determine the demand for these services. Healthcare facilities, physicians, surgeons, nurses, and support staff are all part of the supply chain. The law of demand states that if a good or service's price rises, demand will fall. This is also true of healthcare.
However, some argue that the law of supply and demand doesn’t apply to healthcare in the same way it does to other markets. For example, some claim that lower demand can lead to higher costs due to secretive managed care contracts which guarantee price increases every year.