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> Everyone is always asking why US healthcare is so expensive. People blame it on the insurance companies and the hospitals, but my theory is it’s the providers
by arbuge 7y ago
> Everyone is always asking why US healthcare is so expensive. People blame it on the insurance companies and the hospitals, but my theory is it’s the providers. I worked at Vanderbilt on their payroll system, and I would regularly see general practitioners making $350,000 a year, and this was 15 years ago! It wasn’t uncommon to see teaching doctors getting paid a million dollars.
I agree it's the providers which are most at fault. Hospitals (as well as drug companies) are providers too though not just doctors. It's hospitals that are charging $4,000 a night for a hospital room and $50 for 2 tylenol which you can pick up at Walgreens for $4 for a 24-pack. Actual examples from my hospital bill when I had my appendix removed a few years ago. The total came to about $50k, of which I believe the portion that went to doctors and surgeons was about $10-15k.