Healthcare Costs in America: Hospitals, Doctors, Medications and More

Learn the Underlying Causes of High Healthcare Costs in America:

1) Hospitals Overcharge Patients and Employers with Commercial Insurance by Over 200% to 'Cross-Subsidize' Much Lower Payments by Medicare and Medicaid.

2) Doctors Practices are Bought by Private Equity Firms that Intentionally Take them Out-of-Network So They Can Charge 10X to 20X More for the Same Service.

3) Pharmaceutical Companies Exploit Patent Laws to Maintain High Drug Prices Much Longer than the Original Patent Law Intended.

4) Medical Device Companies Upcharge Hospitals 10X to Buy Their Devices and then Hospitals Upcharge Health Insurance Companies an Additional 10X, Resulting in a 100X Upcharge for an Originally Inexpensive Medical Device.

Sources:

Medical Device: Industry Conversations

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[highyields]

This video is so comprehensive. Thank you so much!

[juanfcortes]

Thank you for making these videos, Doctor.

[duancoviero]

extremely enlightening, i just recently got a bill from a "non-profit" profit hospital that had me scratching my head. now i understand what's going on 😳😳

[dxrulez]

Posted 47 minutes ago and it’s almost 35 minutes long. I am so excited 😩

[garyschreiber]

Complications may generate more revenue for a hospital in a fee for service environment, yet that is offset by increased malpractice insurance and settlement costs as well as impaired reputation. Hopefully, those offsetting interests balance out and favor high quality care. In which case the increased revenue can only come from increased patient volume in the form of more patients using that facility because of its superior quality care or decreased costs.

[tildaway]

Fantastic video! Very informative. Thank you, Dr!

[elizabethgardner]

Does anyone have a link towards the research done on the amount of speciality doctors that private equity firms have?

[RaminR]

Another great video dr Bricker - in particular - I found the part explaining Private Equity's part in healthcare to be very insightful - actually emailed you and a podcaster to recommend you talk on her podcast about it as its very eye opening & impt

[harshvardhanshekhawat]

Great playlist- well detailed and perfectly explained US health care/Insurance system.
Bdw, I am new to this industry and someone reccomended to watch your videos to Get the GIST of the domain. Let alone GISt, I got a pretty good idea whats going on . Thanks a lot :)

If possible, could you help me with some resources/Videos on the details of how/Why the Helth care providers are not providing correct data on their availibility and Netowrk data ?
I have been told that a lot of time, an In-Network Provider denies to accept insurance . I am curious to know why is that and whats the thinking going behind this .

[charlessavoie]

I have seen Pilgrims Society members on the board of Hospital Corporation of America. And trustees of all major Manhattan hospitals. There was an MD as a founding member in January 1903. This group was set up to "gradually absorb the wealth of the world" Review of Reviews May 1902 page 557!

[OkikaHawaii]

Private equity tends to lead towards less than favorable patient outcomes although from a financial perspective you would think the facility is proving great care to more patients.
My friend just got dropped by her pain specialist cause she was being chronically under dosed. I suggested she make a grievance and she did and the clinic got mad that UHC is auditing my friends records of treatment from the pain clinic. My friend would call me daily crying about how mean and rude her NP provider was treating her. I went into the clinic and they indeed were very aggressive and threatened their patients to not make fuss at all or they will be dropped from their care. I believe the facility is committing discrimination, fraud and abuse. I made a report to OIG and also OCR due to HIPAA violations I witnessed while in that clinic.

[jeffsmith]

Such a smart guy! He must have taken micro and macroeconomics in college and clearly knows everything. . . . Funny no mention of how much of an outlier the US is compared to other industrialized countries. . .

[watchespn]

If only the average American understood the implications of the fee for service model

[rajub]

Dear Dr.Bricker need to reach out to you on healthcare economic evaluation for a Med device - am a student pursuing Masters in Med Dev Innovation!! Is there a email ID I can get in touch with you !!

[rheijm]

I m not sure what you re getting at. With regard to ER, pregnancies, unexpected surgery centralisation has its limitations, further insurers like to be able to choose. In Europe, i think here i can talk for the continent, costs go up. Explanation probability drives cost through lack of bookkeeping, face it, what entrepreneur in 2022 does genuine bookkeeping. You got loads of excuses. Government grip should be tighter. Eurocopter ltd gives coupons per usage and merc trucks split off so merc cars and eurocopter is...merc business thats rediculess, but true. Europe government sees it happen, unable to act. In fact replacing a heli isn t rocket science..but organizing is more than just departments and fte s..gotta hunt for bleeders. Again and again and then you notice dead people transport ponzi scheme...you go do something. Unless you Elio di Rupo you just report a wrong number and all is rosy, well thats Europese (DPTPS sounds safe and Stuttgart ish, but isn't). Bigger cities smaller, crunch a number here and there..bleeders, what i believe in.