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People talk a lot about prescription drugs, but the real driver of costs are the hospitals, both public and private. Drugs account for 10-15% of total healthcar
by BenFranklin100 3y ago
People talk a lot about prescription drugs, but the real driver of costs are the hospitals, both public and private. Drugs account for 10-15% of total healthcare spending; it’s the hospital reimbursement & compensation framework along with private insurance that is driving the bulk of costs. It’s evolved into a patchwork, opaque, dysfunctional system where the end consumer has little view into the inner workings and is left staring at a massive bill.
- resource_waste 3y ago[dead]
- Workaccount2 3y ago"Non-Profit" hospitals with incredibly bloated administrations paying a CEO $10MM a year to order constant hospital expansions and ever growing outpatient care so they can reliably spend off any possible profits.
- Buttons840 3y agoLast I checked about 15 to 20 percent of all US workers were in the health industry. It's basically a patriotic duty to pay your medical bill, because you have to pay all the insurance industry workers, and all the hospital administrators and CEOs, and all these people, and there might even be a few bucks left over for the doctor in the end. I don't see how healthcare can ever cost less until we simplify these systems and eliminate a lot of jobs (which wont be politically popular).
- otterley 3y ago> Drugs account for 10-15% of total healthcare spending And still, drugs are too expensive in the USA, especially old drugs like insulin and albuterol (asthma inhalant) that seem to find new ways of being re-patented (e.g., through new delivery devices that are just novel enough to be granted a patent, but provide no significant improvement to the patient). If drugs, pricey as they are in the USA, are only 10-15% of healthcare spending, that should frighten you as to how cost-inefficient our health care system is.