3 ms·
Not really, most of the costs go straight to shareholders. 25% of our spending is "Administrative costs" aka profits for investors. The issues of American healt
by jorblumesea 8y ago
Not really, most of the costs go straight to shareholders. 25% of our spending is "Administrative costs" aka profits for investors. The issues of American healthcare are well documented and not a mystery.
It boils down to two clear facts:
1) The US has no price controls whatsoever
2) The US has a for-profit system where your health is a business.
It's not that complicated. The rest of the world has it figured out for the most part.
https://www.commonwealthfund.org/publications/journal-article/2014/sep/comparison-hospital-administrative-costs-eight-nations-us https://www.commonwealthfund.org/publications/journal-articl...