How to curb health care costs
Hospitals charge commercial payers far more than is needed to cover their expenses, with people who pay insurance premiums ultimately paying the price.
Hospitals charge commercial payers far more than is needed to cover their expenses, with people who pay insurance premiums ultimately paying the price.
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Health care in the U.S. is incredibly expensive, and becomes more so every year. Thus it isn’t surprising that health care – especially the high cost of care – was a top concern for voters in the 2018 midterm elections. In the next two years, both Democratic and Republican policymakers will grapple with state and federal legislation that has the potential to modestly reduce the cost of health care.
Here are two things you probably don’t know about colonoscopies. First, they’re one of the most commonly performed screening exams. Millions of us get colonoscopies each year, but we don’t like to talk about it. Second, you probably don’t know how much a colonoscopy costs, even if you are a patient who has scheduled an exam. That’s because colonoscopies are like most health care services: patients don’t know the cost in advance of receiving care.
The CEOs of CVS Health and Aetna have said that the companies' planned merger will reduce health care costs for consumers, perhaps through increased use of MinuteClinics. However, two recent studies suggest that greater reliance on retail clinics, at least in their current configuration, isn't likely to lower spending.
The tactics used by the debt collection are a growing source of consumer pain; they include incessant calling, threats of arrest, and damaged credit reports – while often targeting the wrong consumer, and often violating the law. To gain insight into the impact on consumers of medical debt collection, we turned to the consumer complaint database of the Consumer Financial Protection Bureau (CFPB) for our new report, Medical Debt Malpractice: Consumer Complaints About Medical Debt Collectors, and How the CFPB Can Help.
As a mother, I have no shortage of things to worry about. There are the mundane concerns, such as: did I remember to pack a snack in my son’s backpack today? has he been exposed to lead dust from the old windows in our house? How do I keep him safe in the car? And then there are the big worries that come with raising a child in 21st century America: how will global warming affect his health, security and the society he will live in as an adult? Will rising health care costs prevent him from getting the care he needs when he is old? And a worry that recently came onto my list: will antibiotics still work in 50 years?
Associate Director and Senior Policy Analyst, Frontier Group