If Americans understood that healthcare was a leading contributor to our national debt we would be probing for answers and demanding change. The healthcare-industrial-complex is so complex that we can’t understand it enough to even formulate intelligent questions.
This week’s Time feature story, Bitter Pill: Why Medical Bills Are Killing Us (Feb. 26, 2013) is online and I’ve included the link below plus a quote from the story by the author and Time reporter Steven Brill.
“According to one of a series of exhaustive studies done by the McKinsey & Co. consulting firm, we spend more on health care than the next 10 biggest spenders combined: Japan, Germany, France, China, the U.K., Italy, Canada, Brazil, Spain and Australia. We may be shocked at the $60 billion price tag for cleaning up after Hurricane Sandy. We spent almost that much last week on health care. We spend more every year on artificial knees and hips than what Hollywood collects at the box office. We spend two or three times that much on durable medical devices like canes and wheelchairs, in part because a heavily lobbied Congress forces Medicare to pay 25% to 75% more for this equipment than it would cost at Walmart”.