Why is health care so expensive? Once again, there are a lot of factors in play. Jacob and Adriene look at the many reasons that health care in the US is so expensive, and what exactly we get for all that money. Spoiler alert: countries that spend less and get better results are not that uncommon.
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Hint: single-payer won’t fix America’s health care spending.
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Americans don’t drive up the price by consuming more health care. They don’t visit the doctor more than other developed countries:
http://international.commonwealthfund.org/stats/annual_physician_visits/
But the price we pay for that visit – for a procedure – it costs way more:
http://static1.squarespace.com/static/518a3cfee4b0a77d03a62c98/t/57d3ca9529687f1a257e9e26/1473497751062/2015+Comparative+Price+Report+09.09.16.pdf
The price you pay for the same procedure, at the same hospital, may vary enormously depending on what kind of health insurance you have in the US.
That’s because of bargaining power. Government programs, like Medicare and Medicaid, can ask for a lower price from health service providers because they have the numbers: the hospital has to comply or else risk losing the business of millions of Americans.
There are dozens of private health insurance providers in the United States and they each need to bargain for prices with hospitals and doctors. The numbers of people private insurances represent are much less than the government programs. That means a higher price when you go to the doctor or fill a prescription.
Uninsured individuals have the least bargaining power. Without any insurance, you will pay the highest price.
For more health care policy content, check out The Impact, a podcast about the human consequences of policy-making.
https://itunes.apple.com/us/podcast/the-impact/id1294325824?mt=2
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This is the story of young Amar Agarwal who underwent a complex heart transplant. A team of doctors at Fortis gave him a new lease of life bringing hope to many children suffering from end-stage heart failure.
Visit www.handsofhope.co.in to know more about this initiative by Fortis Healthcare. Video Rating: / 5
This high-fat, high-protein, and low-carb eating plan is sweeping the nation. Our keto dream team shows you how to turn your body into a fat-burning machine.
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Johns Hopkins Bayview Medical Center is now using smartphone technology for all care team members to improve patient safety, help provide a quieter hospital environment and allow team members to spend more time with their patients.
With Donald J. Trump now President of the United States, many Republicans in Congress are seeking to repeal the Affordable Care Act. This means that the healthcare system is on the minds of many Americans – we’re here to help you decode it.
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The Affordable Care Act (ACA) has been widely debated. While many believe that health care should be accessible to all, not all agree on which methods are best to achieve that goal. The speakers will discuss the ACA’s current components, why revisions failed to pass in the House and Senate and what to expect in the future.
Speaker: Michael Chernew, PhD and Joe Newhouse, AB, PhD
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