Question Why is health care spending in the United States so much greater than in other high-income countries?Findings In 2016, the United States spent nearly twice as much as 10 high-income countries on medical care and performed less well on many population health outcomes. Contrary to some explanations for high spending, social spending and health care utilization in the United States did not differ substantially from other high-income nations. Prices of labor and goods, including pharmaceuticals and devices, and administrative costs appeared to be the main drivers of the differences in spending.
Meaning Efforts targeting utilization alone are unlikely to reduce the growth in health care spending in the United States; a more concerted effort to reduce prices and administrative costs is likely needed.
Importance Health care spending in the United States is a major concern and is higher than in other high-income countries, but there is little evidence that efforts to reform US health care delivery have had a meaningful influence on controlling health care spending and costs.
Objective To compare potential drivers of […]
I recall that the health care industry got an exemption from the RICO (Racketeer Influenced and Corrupt Organizations Act) law and has probably been invaded by organized crime which will bilk us til we’re broke.
I will just add that Trump will surely make things even worse.
I agree Sam and it is organized crime whether the “mob” is involved or not. Illness profit industry, if you’re not sick or get well too fast then where’s the profit. Profit is the watch word of our times. When news reports a natural disaster, illness outbreak or even a local fire very often it will be stated how much money was/will be lost-always money, money….