Posts Tagged ‘medical bills’

Why Medical Bills In The US Are So Expensive

The American health-care system is in a tug of war between physicians, hospitals, insurance companies, pharmaceuticals and shareholders. At the center of it all are the patients.

Ashley Palmiscino’s insurance company was billed roughly $4 million for her five-month-old son Luca’s lung transplant. Her family had to turn to fundraising almost immediately just to keep up with the medical bills, and she’s not alone. One-third of the money raised on GoFundMe last year went to medical campaigns.

So how did we get here, and how do we turn things around?

“Once there’s all this money sloshing around in a system, there’s this sort of pile-on effect where everyone wants to grab their bit of this huge pot of money,” said Elisabeth Rosenthal, a former physician who wrote a book about how health care became big business.

“Now what we have as we’re trying to take it back and reduce costs is everyone is desperately clinging to their piece of the pie.”
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Why Medical Bills In The US Are So Expensive

Be the first to comment - What do you think?  Posted by admin - August 5, 2019 at 11:23 pm

Categories: Health care online   Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

Trump pushes for new transparency with health care prices — but will it lower them?

Uncertainty around the costs of prescription drugs and health care in general is worrying Americans. A recent study found that one in six were surprised by a medical bill from a hospital treatment in 2017. On Monday, President Trump issued executive orders requiring greater transparency around medical costs. But will they help? Nick Schifrin talks to Elisabeth Rosenthal of Kaiser Health News.

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Be the first to comment - What do you think?  Posted by admin - June 27, 2019 at 11:22 pm

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Why the cost of healthcare varies so much | ABC News

Depending on where you live, your treatment could be free or cost hundreds of dollars.

Different countries choose to approach health care in different ways. But one thing a lot of them have in common is that they provide universal coverage. That means all their citizens have access to healthcare.

Should countries be spending more to help the poor access healthcare? The US spends the most on healthcare as a share of the economy and per capita, but it’s ranked low on both life expectancy and infant mortality rates. The private sector is what drives up costs in the US, because the country doesn’t have universal health coverage.

Countries like Cuba and the UK spend less on healthcare as part of the economy, and they also have relatively better outcomes. But the UK also controls access to drugs in the country, which means certain treatments aren’t available because they haven’t been deemed cost-effective.

RESOURCES
OECD data:
https://data.oecd.org/healthres/health-spending.htm#indicator-chart
https://stats.oecd.org/index.aspx?DataSetCode=HEALTH_STAT

The World Bank data:
https://data.worldbank.org/

The Commonwealth Fund data:
https://international.commonwealthfund.org/
https://interactives.commonwealthfund.org/2017/july/mirror-mirror/assets/Schneider_mirror_mirror_2017.pdf

Health insurance coverage in the US (US Census Bureau):
https://www.census.gov/content/dam/Census/library/publications/2018/demo/p60-264.pdf

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Be the first to comment - What do you think?  Posted by admin - June 11, 2019 at 11:20 am

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🏥 Why is US health care system so expensive? | Why are medical bills so high?

Why is US healthcare system so expensive? Why are medical bills so high? Do private health insurance providers in the United States drive up a prices of health insurance to gain more profits? We show a history of health care policy, which drove up the cost of the american health-care. We also talk about Affordable Care Act (Obamacare) to find out, if that bil solved the problem of high cost of health insurance.
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Be the first to comment - What do you think?  Posted by admin - May 31, 2019 at 3:20 pm

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Healthcare Pricing: America’s Best Kept Secret

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Sarah Kliff, Senior Policy Correspondent for Vox, joins Ring of Fire’s Sam Seder, to talk about the secret to healthcare pricing.

Sarah Kliff’s Full Article — https://www.vox.com/health-care/2018/12/18/18134825/emergency-room-bills-health-care-costs-america

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Be the first to comment - What do you think?  Posted by admin - January 13, 2019 at 3:21 am

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