Americans complain about the cost of health care, while simultaneously demanding the best doctors, cutting edge drugs, and instant access.
Doesn't work.
@Maj. Bill Martin Sure it works. While those 3 things are expensive and the instant access gets abused they aren't really the major factors that cause healthcare to be so expensive. I'd suggest that these things are far more significant.
- out of control regulations (everything from billing, practice management, inventory, licensing)
- insurance company overhead
- malpractice / legal risk
- consolidation within the healthcare organizations (health systems buying up smaller hospitals / physicians offices being bought by health systems = less competition)
- lack of compensation for uninsured / illegals
- below cost reimbursement rates for medicade / medicare
- massive amounts of fraud
- govt reporting requirements
I worked with a fairly large hospital that spent 9% of its $1B annual budget on auditing its billing one year.