The simple fact of the matter is that the healthcare system in the United States is incredibly wasteful. As reported by The New York Times in 2019, at least 760 billion dollars are wasted each and every year due to the poor management of funds.
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#5 I Went To The Hospital (Us). They Did One Blood Test, Decided I Had A Virus That They Could Not Identify And That They Could Not Help Me, And Then They Sent Me Home. This Is The Bill From My Insurance. For One. Single. Blood Test
That amounts to around 20 to 25 percent of all American healthcare spending not being used as it should. Instead of reaching patients and making their healthcare better and cheaper, that money is used for administrative purposes and keeping the system afloat. In short inefficiencies in the system lead to larger costs. And the American people suffer for it. With the Covid-19 pandemic, things have gotten worse.
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#9 My Mother’s Hospital Bill Of When She Went To The Er Cause Of Her Gallbladder And Had To Have Emergency Surgery. She Was In The Hospital For One Day
However, Investopedia provides slightly different numbers than the NYT. According to them, the US spends around 8 percent of its healthcare costs on administration. “Providers face a huge array of usage and billing requirements from multiple payers, which makes it necessary to hire costly administrative help for billing and reimbursements,” they explain why the waste in the system occurs in the first place.
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#12 Insurance Just Paid $57,605.79 For Medication That Costs Under $100 Anywhere Else
Investopedia notes that the Covid-19 pandemic has further increased the pressure on the already highly complex and expensive American healthcare system. “There’s an urgent need to expand testing and treatment for COVID-19 to all residents who need it, regardless of health insurance status. Massive federal cash influxes have sought to shore up hospitals sagging under the weight of the coronavirus burden and the related cessation of elective surgery and regular medical care,” they write.
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However, the American healthcare system has had issues long before Covid. Life expectancy in the US stands at 78.8 years while it ranges from 80.7 to 83.9 in other high-income countries that the Journal of the American Medical Association looked at.
#16 My Father In Law's Hospital Bill After 2 1/2 Days In The Hospital For Observation
#17 Went To The Er For What Turned Out To Be A Panic Attack. These Were The Consequences
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Unfortunately, only 90 percent of Americans have health insurance which is 9 to 10 percent lower than in these other industrialized countries. Many Americans feel like they simply cannot afford insurance.
#19 The Worst Part About Healthcare! This Is A Real Bill For A Motorized Wheelchair, Something A Person Needs To Live!
