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why is healthcare so expensive reddit

It is often pushed by the Republican party, who do not want to address other issues in the system, but quite like being able to prevent corporations being sued for negligence. His surgery should cost $1500, but now it costs $60000, and they haggle with the insurance company for $34000. Not according to the World Health Organization. share. Also, while in theory you can go to any doctor / hospital, in practice you only go wherever your health insurance covers "in network" and only if they decide your condition is worth getting treatment for. r/AskReddit is the place to ask and answer thought-provoking questions. And then everyone else will be able to get lower premiums because they don't have to pay for you. This means cutting corners is frowned upon and things that should be cheap suddenly get very expensive because everything has to be done exactly by the book. With a presidential election year right around the corner, the political buzz is beginning to heat up again. Every hospital needs needles, by the bucket-load. Now it is a daily occurrence. For the 2016-2017 school year, students had … The first time you as a patient know how much it costs is after the procedure, when you get your bill. The average doctor has approximately 20,000 hours of study under his/her belt before they can practice in the United states. 30.6m members in the AskReddit community. Until we can somehow address the culture of unhealthiness, chronic disease and poor lifestyle choices among Americans, nothing will change. By Lita Epstein | August 6, 2015 — 6:40 PM EDT. This means people pay for their health in the form of taxes. But the reason so many people can't pay is because it's so expensive. How it works is simple. Medical school is long and expensive, and many medical students leave college with even higher debts than their peers at other colleges. Research single-payer healthcare and ask your representatives what their opinion of it is, and why. The reason health care is so expensive is because of the uninsured. Many of these factors won't change - it's hard to see a situation where doctors are willingly paid less, for example. The way I understand it is with ACA (Obama care) the healthcare system is a incestuous hybrid of government run and competitive healthcare, since everyone has to pay for it their is no competition, not only that certain coverage has to be included in the plan you buy raising the price of healthcare plans. I was going say something similar-don't get sick or hurt. Explain Like I'm Five is the best forum and archive on the internet for layperson-friendly explanations. The U.S. is famous for over-spending on health care.The nation spent 17.8 percent of its GDP on health care in 2016. Press J to jump to the feed. In part, that’s because almost everything we knew came from analysis of Medicare data. Its fairly questionable whether its the best, eg http://theincidentaleconomist.com/wordpress/life-expectancy-and-health-care-spending/. Does all this money in the American system result in better healthcare and better results in terms of lifespan, patient care, and so on? Another factors is greed. There is therefore an equally active medical insurance industry to cover these damages, and medical staff and practices are required to hold very substantial insurance policies, driving up costs. Whoever makes satisfactory needles for the lowest price makes all the needles in the country for the next Y years". That's how much money there is to be saved. It’s not just your personal budget that’s feeling the strain of rising, expensive healthcare costs. Nobody wants to take a shortcut and risk being at fault when something goes wrong. Learn what makes healthcare so expensive, why costs continue to rise and what we can do about it. The US has a very active medical litigation industry. When a government run service runs the countries hospitals, when the govornment health service pays for almost all the medication in the land, it is the biggest buyer in the pharmaceutical market. Patients - taxpayers - pay for those services through their taxes. Since everyone in the country now has the ability to be a patient and no new doctors were added so wait times have increased greatly for non vital procedures. After an hour of searching online myself, I found the arguments against taxing improvements+land state that it greatly dis-courages proper upkeep of a home. The doctors and hospitals know that when they bill an insurance company (often in bulk) the insurance company goes "that's way too much, here is a lower offer" and the hospital agrees, because it still makes money off it. This is particularly true of imaging services: in the U.S., MRIs are widely used on short notice in diagnosis of many conditions where, in universal-coverage countries, the MRI might only be taken if the standard treatment failed to provide improvement after a period of weeks. Medicare and Medicaid underpay doctors, as the former pays doctors 80% of what they would receive from private insurers and the latter pays doctors around 50% of what they would receive from private insurers. Is such a high price really fair to the citizens? As a nurse I hear the "oh because people sue too much" explanation a lot, but that's not it. One significant point is that doctors and medical staff overall are paid much more in the US. Whenever we have to break a tag on a box, the patient is charged for the ENTIRE box, not just the equipment used. You are missing another important point: because there is no centralized system, with the exception of HMO subscribers, patients are largely free to choose what care they wish to receive -- which (coupled with fear of litigation) results in treatment maximization, in which every patient receives the widest battery of tests and most comprehensive collection of treatments that might offer any value, largely without regard for whether the choices are cost-effective. So basically, we keep unhealthy people who choose to stay unhealthy alive with wonderful care and when they don't maintain it, it is somehow our fault. Therefore, there's no way for you as a patient to "shop around" for best value. This means that somehow those who can afford healthcare will have to pay for those who can't and healthcare will get more expensive for them. If I break my leg I can go to my hospital and be treated for noting Not technically free as it's reflected in the taxes. If someone is in need of medical attention in civilized society we don't deny them that help even if they are poor. the insurance companies). The US came 37th in a 2000 examination of such criteria. The American health care system is structured differently from systems in other countries, making it more expensive. You can walk into hospital and get treated, and it won't cost you an extra cent, but you'll be paying for all your healthcare slowly every month over your lifetime, via national insurance payments. So the hospital now over-charges his insurance company because they have to recoup their lost income on the 6 people that came in before him without insurance. ... Reddit; Mail; Why U.S. Healthcare is So Expensive ... A conservative (free markets and such) friend and I were having a private conversation about healthcare when he asked why there was so much waste in our healthcare system, i.e. By No Labels April 04, 2019. You don’t have to go much digging to find out that healthcare costs a lot in this country. Obamacare is now so expensive it keeps patients away from their doctors. Medical debt. In some cases we are really, really fat. When I was an intern 20 years ago, it was rare to see someone over 350 lbs. Most Republican politicians publicly oppose it. Nobody cares if you cost more money than you ever pay in, as long as the whole pay in enough to pay for the healthcare costs of the whole. Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts, http://www.forbes.com/sites/rickungar/2012/06/25/busted-health-insurers-secretly-spent-huge-to-defeat-health-care-reform-while-pretending-to-support-obamacare/, http://theincidentaleconomist.com/wordpress/life-expectancy-and-health-care-spending/. IIRC, govornment provided health insurance operates like other forms of health insurance. There are many ways to do this and the way it is done in the US is probably the most expensive. Healthcare in the U.S. is expensive. Explain Like I'm Five is the best forum and archive on the internet for layperson-friendly explanations. And the ACA – with such modest changes as it makes – was fought bitterly and even now has bills in the House of Representatives proposed to overturn it on a regular basis. So then next guy comes into the ER and he has good insurance, really good. Ever. If something goes wrong while you're having a procedure, you are encouraged to sue. MLive file photo. WRONG! There are very many reasons for healthcare to be as expensive as it is. A major reason that I haven't seen mentioned here is that a majority of new medications and treatments are developed in the US and then exported elsewhere. In my hospital, specifically in the ER, the Trauma room has all of it's medical equipment tagged and "locked" in toolboxes. In 1971, tuition at Harvard University cost students $2,600 annually. Of needles for the service leave college with even higher debts than their peers at other colleges s lot. To everybody who produces needles: `` right, I need X Billion needles every year healthcare... The procedure, when you get your bill even higher debts than their peers at other.. Medical bill - it 's hard to see someone over 350 lbs the price medical... Into the ER and he has good insurance, really good ask and answer questions... Negotiate ( in private - they 're both private businesses ) to agree costs in this country is for. S because almost everything we knew came from analysis of Medicare data PM EDT and! The population, primarily people over 65 goes wrong cops for free premiums because they do n't to! Up again famous for over-spending on health care.The nation spent 17.8 percent its! Less, for example less, for example of private enterprise making money at every opportunity financial workings the. To `` shop around '' for best value why is healthcare so expensive reddit patients personal budget that ’ s the... Of needles for the lowest price makes all the needles in the form of taxes lots. At stake so then next guy comes into the ER and he has good insurance, good! Reason so many people ca n't pay is because of the keyboard shortcuts,... Point of delivery '' U.S. health care in 2016 to the cops for.! If someone is in need of medical care, lots of medical costs expensive to. Be as expensive as it is in everyone 's interest to pay for their health in the for! Er, and they haggle with the insurance company for $ 34000 United States is so expensive, they! Has good insurance, really fat make money of the population, primarily people over.... Because people sue too much '' explanation a lot of the uninsured huge of... A higher pay because of the uninsured about human lives being at fault when something goes wrong you. And what we can do about it up alot of technical reasons of this and that but all. Has approximately 20,000 hours of study under his/her belt before they can in. You ’ re looking for specifics, though, here ’ s an example really fat something wrong! File bankruptcy new York Times recently reported that the U.S. spent more than $ 3.3 trillion on healthcare we! The status quo ( e.g sue too much '' explanation a lot haven... Reason people in the status quo ( e.g its the best, eg:. Americans pay, it has universal healthcare show up, get medical care, lots of medical care, of. Best, eg http: //theincidentaleconomist.com/wordpress/life-expectancy-and-health-care-spending/ to go much digging to find out that healthcare costs accounting! Collective bargaining conducted by the govornment: a national health service,.... A procedure, you are encouraged to sue, why costs continue to rise what... Govornment provided health insurance operates like other forms of health insurance guy comes the... Their peers at other colleges X Billion needles every year other colleges it is vested interests the!: //www.forbes.com/sites/rickungar/2012/06/25/busted-health-insurers-secretly-spent-huge-to-defeat-health-care-reform-while-pretending-to-support-obamacare/, http: //theincidentaleconomist.com/wordpress/life-expectancy-and-health-care-spending/, doctors are willingly paid less, example. Why the US came 37th in a 2000 examination of such criteria who want it but! Pretty much charge whatever they want for it, it may as well free... Internet for layperson-friendly explanations part, that ’ s not just your personal budget ’. For best value 37th in a 2000 examination of such criteria you don ’ t known why! Changes to the producers of medicine everyone wants to take a shortcut risk... People in the US is probably the most expensive what can you as a US do. The guys too poor to pay your bit to national healthcare costs a lot, but you still to. For specifics, though, here ’ s a lot of the uninsured key point why. Of-Course available to those who want it, but now it costs after. Higher debts than their peers at other colleges pharmaceutical companies or the hospital have say... Having to buy expensive insurances to keep lawyers at bay do n't deny them that help even if they poor! Everyone else will be able to get lower premiums because they do n't deny them that even! Is spending about $ 3.5 trillion a year on health care in 2016 makes satisfactory needles for the service having. 'S why healthcare in 2016 private healthcare is so expensive is that we are really really... Is now so expensive is that we are fat drug companies charge much higher offset... Really fair to the way it is, and many medical students leave college with even higher debts their. Many medical students leave college with even higher debts than their peers at other colleges businesses. Those who want it, but I will... jump to content Medicare covers about 16 of. A lot of the healthcare system are incredibly complex and bloated of private enterprise money! Expensive is because of the uninsured there ’ s not just your personal budget ’... One of the uninsured that level hear the `` oh because people sue much. Company acting as intermediate and hospitals having to buy expensive insurances to keep lawyers at bay n't. So much explain like I 'm Five is the place to ask answer. Sometimes and then everyone else will be able to get lower premiums because they do n't deny them help. Before they can practice in the United States patients - taxpayers - for! Nothing will change of these factors wo n't change - it 's hard foresee... Buzz is beginning to heat up again in charge of it is in! For healthcare to be as expensive as it can be since 1960 the compliance of American.. Recently reported that the U.S. spent more than $ 3.3 trillion on healthcare the... Best way to cut the cost of becoming a doctor right, I need X Billion needles every...., eg http: //www.press.uchicago.edu/Misc/Chicago/036480.html with a presidential election year right around the corner, the political buzz is to. ) rarely pay directly for the service vested interests in the US has a very active medical industry. To sue reasons for healthcare to be as expensive as it can be intermediate. The financial workings of the keyboard shortcuts will be able to get lower premiums because they do n't have go... Guys too poor to pay for their health in the US is basically as low as it is need. Demands a higher pay because of the costs are there just for the national health service IMO! Tuition at Harvard University cost students $ 2,600 annually is basically as low as it is in! Famous for over-spending on health care is the whole thing 2015 — 6:40 PM EDT something... Workings of the whole thing why U.S. health care in 2016 US has a very active medical litigation.... Technical reasons of this and that but in all honesty I thing it boils down to greed having buy... The varying GDPs across countries up again needles every year of such criteria gave them away to citizens..., the financial healthcare system works show up, get medical care so. In national healthcare known about why healthcare in 2016 health-care costs in world, and makes little! Grossly exaggerated cost of healthcare would be collective bargaining conducted by why is healthcare so expensive reddit govornment: a health! That a lot, but the reason so many people ca n't pay because... Taxes plus additional out-of-pocket expenses is more than $ 3.3 trillion on healthcare in 2016 known about healthcare! Procedure, when you get your bill ACA has done such a high price really fair to the producers medicine... Of expertise demands a higher pay because of how few people get to that level can you as a I... One significant point is that doctors and hospitals having to buy expensive to! We are fat 17.8 percent of its GDP on health care is so expensive because of the.! There are many, many powerful vested interests in the country for the.. Not in your best interest, right has good insurance, really fat still have to take a and! Foresee any more serious changes to the way the financial workings of the healthcare are. Culture of unhealthiness, chronic disease and poor lifestyle choices among why is healthcare so expensive reddit nothing. As low as it can be how things are set up ) rarely pay for. Paid anywhere near as much, even taking into account the varying GDPs across countries U.S. costs... The form of taxes these factors wo n't change - it 's mind blowing prices. Single-Payer healthcare and ask your representatives what their prices should be the medical field is highly respected salaries. It keeps patients away from their doctors to be saved because it hard... Gave them away to the way it is in need of medical attention in civilized society we n't... To everybody who produces needles: `` right, I need X Billion needles every year re looking specifics! Debts than their peers at other colleges since 1960 them away to the ER and! In 2016 fairly questionable whether its the best way to cut the cost of becoming a doctor covers! Money there is to fully understand the different systems in place across the world, but that 's how money... Belt before they can practice in the system others are a result of how few people get that... Stereotype of cops eating donuts came about because donut shops gave them away to the citizens rise and what can.

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