Is it really due to waste? DrRich says not entirely:
A substantial proportion of our growing healthcare expenditures must necessarily be coming from real, honest-to-goodness, useful healthcare. And if we’re going to substantially curtail that growth, we’re going to have to curtail useful spending. Which means we have to ration.
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Interesting post.
I believe we could save $ in processing cost in the healthcare system. I receive so many bills after an ER visit that it is confusing and their so much wasted paper, postage, & effort in collections processes from hospitals.
I prefer to pay my balance when I leave the hospital. Not get baraged with bills afterward.
Wasteful vs “worthy” cost , really is the issue of marginal returns, and the best place to decide the marginal value is the marketplace. To apply more critical market forces the marketplace must become transparent(forgo insurance obscurities) and remove tax incentives to spend health care dollars….Then we’ll see what is wasteful.
But the crux is…who wants to shop for their trauma care….
The humane way is a floor of coverage( uvment, rationed, clinky) and then the second tier…
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