5 Things that drive health care costs through the roof

Jun 24, 2016 | | Say something

The United States spends more money on health care than any other country in the world. While it is wonderful that a high quality of care is available for many Americans, many of us pay very high insurance costs.

Those who can not afford insurance and do not qualify for Medicaid and other government programs are penalized on their taxes, and can expect to pay a debt life if required a medical procedure. There are obvious problems with this system.

according to national health budget 2014 Highlights “In 2014, health spending United States increased 5.3 percent after growth of 2.9 percent in 2013 to reach $ 3.0 trillion, or $ 9.523 per person “.

This is indeed a huge amount of money. So what is making these high costs? While there are many factors involved, the following are the five that contribute significantly.

high salaries of CEOs

CEOs of health in this country are making millions of dollars every year. Last year, the Wall Street Journal published an article detailing some of the salaries of top CEOs 2014. In the top health care CEO list was Brenton L. Saunders, CEO of Actavis plc, which made $ 36.6 million in 2014. Twenty-nine other health care CEOs were listed under it, with salaries 3.4 million to 27.1 million.

In this case, MedCityNews reports a quote from Wendell Potter, former public relations executive Cigna: “there is no doubt that one of the reasons why Americans pay more for health insurance and health care for people in any other country in the world is due to this high executive compensation. ”

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The demand for new technologies

The development of new medical technologies is important for the progress of medicine, but also a expensive task. In addition, some new technologies can not work better than before, but people who want to try the newest treatments independently. According to Julie Appleby, writing for PBS NewsHour , and citing a report Bipartisan Center policy . “patients and doctors often demand the newest treatments, even if there is little or no evidence that they are better prices newer treatments are often higher that for products they replace. ”

doctors often professionals are paid for the service

In his article, Appleby also explains the system of medical professionals get paid for the service, which encourages more services to be provided, regardless of whether they are irrelevant. Again quoting the report of the Bipartisan Policy Center of, she writes: “Most insurers – including traditional Medicare – pay doctors, hospitals and other providers of medical services under a fee-for-service reimburses for each test , procedure or visit. Along with a medical system that is not integrated, this encourages overtreatment, including repetitive tests, the report said. ”

the Affordable Care Act

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While the Affordable Care Act, also known as “Obamacare” has had some positive results, increasing the number of people covered by health insurance, but has also had the disadvantage to make insurance costs significantly higher health for many people. This effect of the Affordable Care Act, Michael Bell wrote to Forbes : “After all this effort on Obamacare, the health care costs are going up – more people are covered for more things with the hope that people who currently have health insurance will help pay for new people in health insurance can debate whether this is right or not during. long. the fact that it does little to solve our problem of exploding health care costs is not up for debate. it will not. ”

Moreover, according Expenses National Health 2014 Highlights: “The rapid growth [of health care costs] experienced in 2014 was mainly due to large expansions of coverage under the Act Affordable Care, particularly for Medicaid and private health insurance. the share of the economy devoted to health spending was 17.5 percent, up from 17.3 percent in 2013 “.

unhealthy lifestyles

This is one of the main. When people do not take care of themselves and remain healthy lifestyles in order to help prevent disease, not just those who suffer often, the whole economy suffers often. Rates obesity in the United States have soared, along with the type 2 diabetes and heart disease, which often accompany them. Many people still smoke , and the scourge of cancer is uncontrollable.

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While you can not prevent all cases of these diseases, many can, if healthier life styles are adopted. This leaves many people frustrated. Those who do lead healthy lifestyles and take care of themselves may wonder why they should be subject to higher health care costs because others do not practice prevention.

Health care and accompanying costs is a complicated and multifaceted issue, but there are ways to start making improvements. If everyone agrees on a healthier life style, it would go far. We, as a nation, we could also re-examine the functioning of our health insurance system (and how it does not), and put a cap on salaries serious CEOs do.

could also find ways to make the new, more cost-effective technologies, after we make sure that really they work better than before. If we take these steps, as a starting point, health costs could become less of a burden on the people of this nation.

– Tanya Rakhmilevich

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This article was originally published on thealternativedaily, Read the original article here

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Posted in: Affordable Care Act, Doctors, expenses, Finance, Health, Health and Wellness, Health Care, Health insurance, Medicine

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