Saturday, June 1, 2013

More evidence on how we pay more for health care

Check out this piece in the New York Times on how we pay far more for common health care procedures than other first-world nations.

The Times zeroed in on colonoscopies, which cost an average $1,185 in the U.S., but in Switzerland, one of the most expensive places on the planet, the same procedure runs just $655.

Meanwhile, an angiogram in the U.S. averages $914. In Canada, it'll set you back $35.

Want some lipitor? In the U.S., a month's supply will cost you $124. In New Zealand, the same drug will set you back a mere $6.

In other words, we are getting completely ripped off by the medical-industrial complex in the U.S.

If we want to control costs, we need to rein in the hospital "charge masters," the pharmaceutical tyrants and the insurance industry mobsters.

The U.S. economy, not to mention the average American, is held hostage to the medical-industrial complex.


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