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Why U.S. medical costs are so high and where the system needs fixing

June 6, 2017

Tags: price transparency, drug costs, rate-setting, care fragmentation, who's in charge?, health care spending, medical errors, malpractice, medical economics, elder care, fee-for-service medicine

by Pat McNees (updated 5-26-17, orig. published 11-11-15)
Why are our medical bills so high? Why aren't drug prices regulated, as they are in other countries? Where is most of our health care budget spent? Where can we improve the system? Why do we overtreat the rich and undertreat the poor? Who is in charge, when a patient needs complex chronic care? Has our market-driven medical care system served us well or do we suffer from its perverse incentives? Ours is the most expensive health care system in the world but it is not delivering the most effective health care. What can we do? Here are links to key articles explaining the high cost of medical care in the United States -- and whether we're getting what we're paying for. (more…)