What does the "iron triangle" of healthcare illustrate?

The "iron triangle" of healthcare is a concept that illustrates the interconnected relationship between cost, quality, and access. This framework suggests that these three elements are inextricably linked, meaning that a change in one aspect will inevitably affect the others.

For instance, if healthcare providers aim to improve quality, this may increase costs, and subsequently, access might be limited if higher prices deter patients from seeking care. Conversely, if the focus shifts to reducing costs, it could compromise the quality of care or limit access to necessary services. This dynamic illustrates the challenges faced in healthcare policy and decision-making, as stakeholders must balance these three competing priorities to achieve an effective healthcare system. Understanding the iron triangle is crucial for policymakers, providers, and stakeholders as they navigate the complexities of healthcare delivery and ensure that the system works effectively for all parties involved.