‘Paying Till It Hurts’: Why American Health Care Is So Pricey

‘Paying Till It Hurts’: Why American Health Care Is So Pricey    
August 07, 2013
http://www.npr.org/2013/08/07/209585018/paying-till-it-hurts-why-american-health-care-is-so-pricey

It costs $13,660 for an American to have a hip replacement in Belgium; in the U.S., it’s closer to $100,000.

the American way of birth is the costliest in the world

costs for the same procedure can vary so much within the U.S. — by thousands of dollars, in some cases — depending on where it’s being performed.

Before becoming a journalist, Rosenthal trained as a doctor and worked in the emergency room of New York Hospital, now part of New York-Presbyterian Hospital.

On joint-makers keeping prices high
“You would think that if five different companies were making candy bars, that would drive the price of candy bars lower.
But if five different companies are making joints and trying to sell them at $10,000 a piece, it’s really in no one’s interest to say, ‘Hey, guess what guys? I’m going to sell mine for $1,000 because that’s what it really costs me to make it.’
Because then everyone loses money; the whole industry kind of implodes.”

financial model

billing practices

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