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The True Cost of Healthcare
A View of Healthcare Costs from the Inside
Summary of Contents
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-Almost all prices in health care are hidden from both doctors and patients. Any cost that’s hidden or confusing is easy to inflate.
2. Medications: What Your Pharmacist Won’t Tell You
-Most generic prescription medications aren’t 50% or 75% less expensive that their brand named equivalents, they are 100 times cheaper!!
-Most people can pay less for generic medications if they pay for them directly than if they use their insurance and pay a copay (people pay extra for the privilege of being overcharged).
-The Costco list at the end of the section is only partial but it's clear that $32.95 per year is a lot less than $10 per month!
-When medications are expensive, they can be REALLY expensive!
-Concrete examples are given that show how hiding the cost of these medications directly results in inflating these costs
-The tips given at the end of the section would be useful to most people
-Pharmaceutical reps should be banned.
-Most doctors have no idea how much they’re paid for what they do.
-We give insurance companies discounts to abuse us every day while private payers (the uninsured) are overcharged.
-Hospital Bills are, for the most part, works of complete fiction.
-Inflating the charge on every service a hospital provides has two major consequences:
a. It gives an unrealistic (inflated) impression of how much health care really costs.
b. It further allows hospitals and insurance companies to abuse people.
-Most diagnostics tests and procedures are inexpensive to perform.
-The charges for these tests, however, have no relation to the actual cost (or expected reimbursement) of these tests.
-50 million people are denied access to basic healthcare in this Country, not because they can’t afford it, but because they’re not allowed to afford it.
-Just because you have health insurance, it doesn’t mean you’re necessarily getting a good deal on your health care.
-Concrete examples are given which show how health insurance companies can manipulate a patient’s out of pocket payments to make it appear as though health care is more expensive than it really is
-My medical malpractice premiums are a trivial amount and I posted my bill to prove it!
-The cost of medical malpractice has dropped dramatically in the last decade.
-If no one really understands a problem, it’s unlikely a good solution will ever be proposed.
-My family’s health insurance premiums cost almost three times what ALL of my other insurance policies (including malpractice) COMBINED cost me (for a family of four with no medical problems).
-Providing price transparency in health care would go a long way toward lowering health care costs.
11. Epilogue: Why are Hospitals Going Bankrupt?
-In spite of all the money we're dumping into health care, hospitals aren't doing very well partly because:
a. Far fewer people are hospitalized now than in the past.
b. The bureaucracy we endure doesn't help.
Copyright 2011 Healthcare. All rights reserved.
