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Health care is turning into a consumer product

economist.com

151–160 of 334 posts

Re: Health care is turning into a consumer product

#151

It's interesting to see that "Health care consumes 18% of GDP in America" compared to ~10% in most developed countries. In my (non-american) opinion part of that difference comes from the fact that healthcare is already a consumer product in the US. Maybe not entirely, but much more than in Europe, where universal healthcare sponsored by the state is the norm. Another point is that US healthcare is considered the mos…

US Healthcare is not the 'worst performing', that's a perennial clickbait theme.

Health issues are bad in the US, and people use that as 'evidence' for quality of the Healthcare system, but that's not fair.

People shooting each other, not eating well or exercising, isn't so much a function of the US Healthcare system.

The US system is probably the most economically inefficient, but that's also expected at the highest end of quality.

The US has most of the best quality systems in the world, it's just expensive and messed up financially, but the quality itself is something to behold.

While I share your reservations about 'privately backed things' - for example, advertising arcane drugs in the US is ridiculous, this whole 'Ask Your Doctor' is an excuse for pushy patients to 'prescribe themselves' over the will of tired Doctors caving in ...

... that said, Theranos is the opposite example. If it had worked, it would have been because of VC backing and it would have been very beneficial to people. And there are many things like that.

Like anything, it's complicated, and we need nuanced thinking about it.

We probably should welcome a lot more VC spend, think of ways to empower doctors with the deluge of information, to empower individuals but at the same time get them to understand that they are not medical professionals and shouldn't be self-diagnosing, etc..

Re: Health care is turning into a consumer product

#152
post #52
post #25

Earlier quoted context omitted.

And, in the US, you could pay all doctors $1 and you'd still be left with more expensive healthcare than most western countries...

Please show your math.

I'm not trying to convince anyone. That was just a passing observation on my part because, as an MD, I have a very good idea of why healthcare is expensive. But I lost any hope of making anyone who's not working the clinics understand this

Re: Health care is turning into a consumer product

#153
post #145

It's interesting to see that "Health care consumes 18% of GDP in America" compared to ~10% in most developed countries. In my (non-american) opinion part of that difference comes from the fact that healthcare is already a consumer product in the US. Maybe not entirely, but much more than in Europe, where universal healthcare sponsored by the state is the norm. Another point is that US healthcare is considered the mos…

> Another point is that US healthcare is considered the most expensive and worst-performing in terms of outcomes compared to the other developed countries. In what way is it the worst-performing? I mean, what are the outcomes that are measured to determine its performance? Yes, healthcare is a lot cheaper in Europe (even if your employer wouldn't pay their part) compared to the US, but the quality of the service is r…

It's a consistent finding, usually measured in some form of healthcare outcomes per dollar spent.

Here's a recent report that measures: - Access to Care - Care Process - Administrative Efficiency - Equity - Healthcare Outcomes.

US comes last in all but Care Process among developed countries. https://www.commonwealthfund.org/publications/fund-reports/2...

Re: Health care is turning into a consumer product

#154
post #130

Earlier quoted context omitted.

> The NHS (despite fairly extreme under-funding) has better health outcomes for patients than in the US. It really isn't underfunded. It's grossly inefficient, which is what happens to most if not all publicly funded bodies. It is actually ok to criticise the NHS organization. They're a monopsony, so actually get absolutely gouged by the pharmaceutical companies. They (currently?) refused to recycle crutches, plastic…

>They're a monopsony, so actually get absolutely gouged by the pharmaceutical companies. You've got that exactly back to front. NHS's immense buying power lets them negotiate lower prices for drugs, exactly as medicare used to (before pharma lobbying stripped them of that power). Pretty much any trade deal negotiations with the US involve the UK being asked to dial down NHS buying power on behalf of pharmas by making…

> You've got that exactly back to front. NHS's immense buying power lets them negotiate lower prices for drugs, exactly as medicare used to (before pharma lobbying stripped them of that power).

In principle, you're correct. In practice the fact that they're the only buyer, means in many cases that they pay at whatever a drugs company sells at since there's no "but company X is only paying Y, why are you charging us Z" as a comparison, particularly in the case of non-generics.

> The UK public adores the NHS and is one of the few things polls say that people would be happy to fund with tax raises.

And that was exactly my point. The UK public might "adore" the NHS, but they have a pretty poor understanding of how it is funded. If the government kept funding the NHS by an extra X percent every year, we run out of public funds.

> The ruling party does not like it, however, which is why it has been slowly degrading service over time as preparation for full privatization in 10-15 years.

The ruling party, being the Tories, that have been "in charge" of the NHS for the majority of its 70 or so years? And who on earth would buy a loss making healthcare system that's funded to the tune of a billion or so a week? Apple?

Re: Health care is turning into a consumer product

#155
I don't know how any American can accept the pile of trash that the US healthcare is. The only good thing is that in some cases you will get state of the art care, this is "rare" and may not result in better outcomes.

1. The cost is insane. It doesn't matter how much money you have, if you stay long term in a hospital your bill will be insane and more than an average cost of a house.

2. Single ER visit? 10 different bills over the next few months. Apparently, there is a new law trying to tackle this but hospital can opt-out by having you sign paperwork.

3. If you have an illness and need to see many doctors and have many tests in a short period of time get ready for your insurance to fight you and deny claims. You will be calling them all the time.

4. There are now 3rd party businesses set up to "VERIFY" no other party is responsible for the care you received(meaning you did not have an accident). If you fail to respond to their letters, your claim will be denied.

5. MRI, X-rays, dental work, physician visits are SO MUCH more than other developed nations. It is a joke. I'm talking without insurance here, just going to a private clinic and paying out of pocket as these also exist in Poland even though it has socialized healthcare.

6. The insurance prices are out of control, and the insurance company don't give a shit. In fact, they welcome the high prices. Obamacare capped insurance companies profit margins at a percentage of money spent, this is the result. The more they pay out, the more they make. The cost falls on the policy holders.

7. Covid is really showing cracks in for-profit healthcare. I have friends who work in the field and are complaining about people coming in with positive covid tests because they are asymptomatic. If they don't want to come in they risk getting fired, and in some areas large hospital networks own many smaller clinics and being fired may result in not being able to find a job without relocating.

Re: Health care is turning into a consumer product

#156
post #54

Earlier quoted context omitted.

The problem is that "market" is a really bad fit for meeting healthcare needs, and doubly so when it's intermediated by insurers. People get the amount of healthcare they can afford from their discretionary budget and work their insurers for - not the amount they need. So they may get "more" (or at least more expensive) care than they need, or less. Note that many of the European systems are semi-private, so you reta…

US healthcare is a four-party arrangement since employers are also intermediaries. Employers select the plan (or plan options) and they pay the bulk of the premiums. Their check is always bigger than yours even if you pay more for your policy than they do. As such, most of the sales effort by health insurance companies is directed at the employer and they exercise a lot of judgment. In contrast, I have never once spo…

This whole situation would be solved by a simple change to the tax code. Managed healthcare (health insurance) can no longer be purchased via employers with pre tax income.

Everyone gets funneled to healthcare.gov where they can choose.

The whole buying things (life insurance, gym membership, retirement savings) with pre tax income if it is bought through an employer system needs to go in the trash.

Re: Health care is turning into a consumer product

#157
post #155

I don't know how any American can accept the pile of trash that the US healthcare is. The only good thing is that in some cases you will get state of the art care, this is "rare" and may not result in better outcomes. 1. The cost is insane. It doesn't matter how much money you have, if you stay long term in a hospital your bill will be insane and more than an average cost of a house. 2. Single ER visit? 10 different…

Your average American doesn’t have the pull to effect change. The majority of Americans support government taking a greater role in healthcare (per Pew Research), but Congressional reps won’t vote for it, so you have to wait for people to age out for change. In the interim, everyone overpays and suffers.

Re: Health care is turning into a consumer product

#158
post #155

I don't know how any American can accept the pile of trash that the US healthcare is. The only good thing is that in some cases you will get state of the art care, this is "rare" and may not result in better outcomes. 1. The cost is insane. It doesn't matter how much money you have, if you stay long term in a hospital your bill will be insane and more than an average cost of a house. 2. Single ER visit? 10 different…

> the pile of trash that the US healthcare is

There are significant problems but whose Vaccine did you take for Covid-19? Pfizer (Us), Moderna (US), Johnson and Johnson (US)...

Re: Health care is turning into a consumer product

#159
The US has a strange relationship with healthcare. and by that I don't mean professionals in white coats, I mean people taking care of their health in general, of which visits to white coated professionals is only a small part.

People seem to have this attitude they can spend money (or have someone else spend money) instead of taking care of themselves. Take a pill instead. Some think every little thing is an emergency or are otherwise unreasonably terrified (Recent Covid scare comes to mind. A very real and serious disease but some people inaccurately assess their risk and become neurotic). Unfortunately it doesn't work like buying a new car.

Many years back I dated a girl who was a physical therapist. She loved going to the doctor and hospital. When she felt slightly sad she would get "sick" and go get some attention which she paid through the nose for. I'm exactly the opposite and likely to Steve Jobs myself to death in the end.

I've read (don't know how true it is) that Americans take something like 60% of the worlds prescription drugs.

The whole thing is completely unbalanced and I don't believe other areas of the world are like this. Because of this I don't see an easy solution for the US. The government taking over health care is likely to result in deep dissatisfaction but the current system is super wasteful and frankly just bonkers.

The thing people don't want to understand for some reason is reality. Sometimes we feel bad. Sometimes we get sick. Eventually we will die. Sometimes medical professionals can help. Very often they cannot but that won't prevent them from billing you large sums of money. Also it's not rare for professionals to worsen the situation. Incentives are not always aligned and the body is a very complex system. Throw the US mid level manager hospital pharma insurance scam complex in the mix and incentives misalign even further.

The best dentist I've ever been to was in Mexico. Light years ahead of what I'd experienced in the US without the ceremony. The best doctor I've ever been to is an old time country veterinarian in his 60's. But that was for my dogs. Real practical sense a and humility with an eye to results and the understanding of uncertainty involved. I've always thought that's who I would like to treat me in the event of serious illness and practically speaking there little no reason he couldn't in most cases because I'm not very different then my dogs physically. In neither case was the hospital-pharma-insurance scam complex involved. That groups has made things immensely worse and killed large numbers of people.

Don't get me started on psych drug overuse in the US.

Re: Health care is turning into a consumer product

#160

It's interesting to see that "Health care consumes 18% of GDP in America" compared to ~10% in most developed countries. In my (non-american) opinion part of that difference comes from the fact that healthcare is already a consumer product in the US. Maybe not entirely, but much more than in Europe, where universal healthcare sponsored by the state is the norm. Another point is that US healthcare is considered the mos…

One point that gets skipped over a lot - the US is also one of the most unhealthy countries in the advanced world. This is a big /part/ of the "worst outcomes" in the "highest cost, worst outcomes". It is possible that you can spend a ton of money on healthcare - yet smoke and drink, drive everywhere and not exercise at all, and eat trash - that the healthcare spending is doomed to fail. Europeans walk & bike more an…

That's a good point, life style does play a major part.

But I think this point also opens another subject, preventive healthcare. Many modern healthcare systems are starting to focus on prevention for 2 main reasons: increase quality of life and reduce long-term healthcare costs.

For example, in Finland public tobacco smoking is(was?) considered a public health issue. The government got actively involved to reduce consumption and this resulted in better overall outcomes in their healthcare systems for diseases caused or exacerbated by smoking.

IMO, obesity is a problem affecting the healthcare systems of many developed countries (Vietnam is not yet considered a developed country) arguably not at the same levels as in the US. But this again is part of how government chooses to get involved in fixing the healthcare system by enforcing policies or passing laws that help with prevention.

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