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Source (one of many): https://www.reuters.com/article/us-usa-trump-drugs/white-hou...
Sometimes the cost is bigger than the cost in a different country plus the plane ticket.
Why are the prices so insane? Where do the money go? I'm from Eastern Europe so of course the prices would be different, but by an order of a magnitude at the minimum seems strange.
- paying for services for people who don't have/can't afford insurance. - medical malpractice insurance -> legal system - big pharma/med devices industry
- doctors are paid higher in the US than in another countries
- billing staff overhead because of the insane insurance system
- highly paid hospital administration
- lots of middlemen that stay invisible because there is no price transparency
- shiny new buildings that are built by friends of the hospital administration
Why are the prices so insane? Where do the money go? I'm from Eastern Europe so of course the prices would be different, but by an order of a magnitude at the minimum seems strange.
- paying for services for people who don't have/can't afford insurance. - medical malpractice insurance -> legal system - big pharma/med devices industry
Big pharma has actually reduced the hospitalization costs over the past two decades.
Edit: can someone explain downvotes?. How is big pharma increasing hospital costs?
please take a look at this, https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2669633/
"The major empirical finding from this research is that medication use by Medicare beneficiaries is significantly negatively associated with hospital spending. Moreover, the cross-effect is quite large: each additional prescription drug fill reduces hospital costs by slightly more than $100 or about 5 percent measured at the mean level of Medicare payments in 2000 for inpatient hospital services for study subjects. "
It would be nice to be able to see the lowest & highest prices & other stats. I can manually find the lowest price by sorting by price but I can't seem to reverse it to show the highest price first... Anyway, it seems that there are orders of magnitude differences for the same service. The service 'MRI Lumbar Spine With & Without Contrast Material' has a lowest price of $210 while the closest and highest I personally…
If no one publishes their prices how do you set yours? 2 dollars? 2000 dollars? 2m dollars?
This was a big accomplishment of the Trump admin. Regardless of what your other opinions of his administration are, healthcare pricing transparency in the US is a very important step forward to improving the healthcare situation there. Source (one of many): https://www.reuters.com/article/us-usa-trump-drugs/white-hou...
This was a big accomplishment of the Trump admin. Regardless of what your other opinions of his administration are, healthcare pricing transparency in the US is a very important step forward to improving the healthcare situation there. Source (one of many): https://www.reuters.com/article/us-usa-trump-drugs/white-hou...
Sometimes the cost is bigger than the cost in a different country plus the plane ticket.
I guess you could roll the dice and hope the for best but you will lose your ability to sue the hospital for malpractice if they mess up.
It would be nice to be able to see the lowest & highest prices & other stats. I can manually find the lowest price by sorting by price but I can't seem to reverse it to show the highest price first... Anyway, it seems that there are orders of magnitude differences for the same service. The service 'MRI Lumbar Spine With & Without Contrast Material' has a lowest price of $210 while the closest and highest I personally…
>How can there be such a large difference in price for something that, I believe, is legally & medically the same procedure? If no one publishes their prices how do you set yours? 2 dollars? 2000 dollars? 2m dollars?
Sometimes the cost is bigger than the cost in a different country plus the plane ticket.
I guess you could roll the dice and hope the for best but you will lose your ability to sue the hospital for malpractice if they mess up.