Tag: healthcare costs

Administrative costs Appaloosa; Time Magazine uncovers why we spend so much more than Canada for healthcare administrative costs.

Administrative costs Appaloosa; Time Magazine uncovers why we spend so much more than Canada for healthcare administrative costs. Depending on what you read and what you watch, you may get different people telling you why people in the U.S spend so much on healthcare. We pay more than any other country for healthcare services.  Time Magazine recently evaluated reported that the U.S. spends about 500% more on healthcare administrative costs compared to Canada.  The question is why? According to Time, 34% of healthcare costs are due to administration which is twice what Canada spends.  This is according to a recent Read More »

Would making hospitals reveal their prices lower healthcare costs?

Would making hospitals reveal their prices lower healthcare costs? Numerous sources have shown that hospital prices are the largest driver of medical inflation.  If you ever have visited an emergency room without insurance, the fees are absurd and the methods used to justify the prices and the bills border on fraud as discussed in a recent article in the NY Times. In the article, it mentions that although her insurance was billed, they paid the negotiated amounts for the various facility fees, trauma fees and attending doctor charges that were absurd. Imagine not having an insurance company available to discount Read More »

High hospital prices in California are going to trial. Medical practice reform is needed now, and here’s how to fix it.

High hospital prices in California are going to trial. Medical practice reform is needed now, and here’s how to fix it. Corporate medicine in the USA is killing medicine, killing patients and burning out the doctors who are trying to support it all, even at their high salaries.   This patient (our healthcare system) is terminally ill and needs a heart transplant.  The American ethos of bigger is better isn’t, and gone are the personal relationships most of us had with our doctors.   It is quite likely that your older doctor may have joined a hospital system after selling their practice Read More »

Healthcare costs in the U.S. soar; Hospitals are the reason.

Healthcare costs in the U.S. soar; Hospitals are the reason. If you have ever gone to a hospital for even a few stitches, it is likely that you would have been charged thousands for a minor injury that may cost a few hundred in a walk-in clinic. Between facility fees, inpatient fees and a host of other fees that you are charged for an inpatient stay, hospital prices are absurdly high, even when you are insured. MedCity News recently published a well-documented article making the case for why hospitals are the largest driver of healthcare costs. In NJ, hospital systems Read More »

Is healthcare in the USA expensive? American’s borrowed 88 billion last year to pay their medical tab.

Is healthcare in the USA expensive? American’s borrowed 88 billion last year to pay their medical tab. According to USA today, Americans paid 88 billion last year to pay their medical bills. According to Gallop who is known in the USA for their polling Americans on different subjects, Americans borrowed 88 billion dollars to pay their medical bills. The total cost for medical care in the USA was $3.7 trillion nationwide, which translates to $10,739 per person.  These numbers are insane. Most Americans are aware that a major health event can bankrupt them.   Imagine working your whole life and having Read More »