I’m reading too many comments stating that the issue with American healthcare costs is “my pet issue” (i.e., specialist physician salaries, hospital groups, admin costs, etc.) My opinion is that the best response to those statements is some version of ‘yes, and…’
Anyhow, some great profs of health econ and policy were cited for this piece. Here are the major cost drivers they mention that we have in the US relative to our friends elsewhere:
1. Lack of price limits
2. Hospitals and doctors get paid for services, not outcomes
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I’m reading too many comments stating that the issue with American healthcare costs is “my pet issue” (i.e., specialist physician salaries, hospital groups, admin costs, etc.) My opinion is that the best response to those statements is some version of ‘yes, and…’
Anyhow, some great profs of health econ and policy were cited for this piece. Here are the major cost drivers they mention that we have in the US relative to our friends elsewhere:
1. Lack of price limits
2. Hospitals and doctors get paid for services, not outcomes
3. Specialists get paid much more
4. Administrative costs inflate health spending
5. Health care pricing is a mystery
6. Americans pay far more for prescription drugs
7. Private Equity