Bring out the impact of technological change on the cost of health services.

Technological change has had a profound impact on the cost of health services across the globe. While technological advancements have led to improvements in patient care, diagnosis, and treatment, they have also contributed to rising healthcare costs. The impact of technological change on healthcare costs can be understood through the following points:

1. Advanced Medical Equipment and Devices: The introduction of cutting-edge medical equipment, such as MRI machines, robotic surgery systems, and advanced diagnostic tools, has significantly improved healthcare outcomes. However, these technologies often come with high upfront costs for procurement, installation, maintenance, and training. The expenses associated with acquiring and maintaining such equipment contribute to the overall cost of healthcare services.

2. Pharmaceutical Innovations: Technological advancements have led to the discovery and development of innovative pharmaceuticals, including personalized medicines and biologics. While these advancements can result ____ _______ ________ _____ ___ _____ _______ ___ __________ ___.
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