No mystery why insurance rates are so high. From Dr. Joseph Mercola at mercola.com:
Story at-a-glance
- The U.S. health care system wastes approximately $800 billion annually, which is nearly 30% of its total expenditure, primarily due to unnecessary services and administrative inefficiencies
- Americans pay almost twice as much for health care compared to other developed countries, yet experience worse health outcomes like lower life expectancy
- Unnecessary medical services, misaligned financial incentives and profit-driven practices contribute significantly to waste, often prioritizing procedures over patient well-being and effective treatment
- Overtreatment, excessive end-of-life care and unnecessary diagnostic procedures like cardiac stents and mammograms are major sources of medical resource overutilization
- Proposed reforms include promoting evidence-based medicine, restructuring payment models, improving palliative care, reducing overdiagnosis and shifting focus from quantity of care to quality of patient outcomes
The United States health care system is renowned for its cutting-edge technology and innovative medical achievements. However, it is also riddled with inefficiencies, which result in a staggering $800 billion of annual waste, accounting for nearly 30% of spending. Much of this financial burden stems from unnecessary services, administrative bloat and misaligned incentives.
Worst of all, this waste misses the original point all along, which is treating patients, undercutting the very goal of medicine. Therefore, addressing these systemic flaws is not just an economic imperative, it’s essential to ensuring the survival for people who request these services.
Watched the whole thing, even with something in my eye and fist pumps for those that made it through.
I’ve got coverage now, don’t worry I’ll keep the specialist honest or get up and walk out.