This HND piece examines a few major causes of the rapid increase in the cost of healthcare. We spend $3.5 trillion every year in this space. For starters, fraud is estimated to be as high as ten percent. But there's also the inexplicably large charges coming out of the hospitals—as opposed to the physician's fees.
And, let's not forget about Pharmacy Benefit Managers, whose sketchy rebate system often favors them, rather than the patient, or even their clients, the insurance companies.
How many things besides healthcare carry a price tag that cannot be quoted in advance? Really, what could possibly go wrong with such an arrangement? Read the complete article.
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