Tag Archives: Medicine

8 Reasons Why Healthcare is Smashing our National Piggy-Banks

Following from my last post, I’m currently researching the state of healthcare expense in the United States. It turns out there are probably many important causes of high health-care costs, and the issue is fairly complex. Shocking. Here are eight ideas that I’ve heard thrown around that we will be investigating.

Over the next few months we will be going through some of the evidence for each of these ideas, and exploring others if it turns out that our initial ideas aren’t cutting it. If you have any ideas to add, feel free to chime in!

  1. Specialist physicians are overpaid and/or overused
  2. Pharmaceutical companies overcharge (and are probably evil)
    Pharmaceutical CEOs = supervillains


  3. Insurance companies overcharge
  4. Pharmaceutical companies’ fairly new ability to advertise directly to consumers is putting a great deal of pressure on doctors
  5. The Affordable Care Act has caused a huge increase in healthcare prices
  6. Fear of malpractice lawsuits make doctors do far too many tests to cover their butts
  7. Pressure on doctors to use new, expensive drugs and procedures from patients and pharmaceutical companies
  8. Hospitals and doctors compete by adding luxuries and amenities, NOT by lowering prices

    Guess how much this costs per night? Lots.

Remember, these are IDEAS or hypotheses, not positions I have evidence for yet. I’m fairly confident that some of these will prove to be important, but I doubt all of them will. So, if you have a strong opinion for or against some of these feel free to comment, and stay tuned, but don’t get mad (yet)! These are simply possibilities that we will be investigating, and that I could find at least one book, scientific article, or tinfoil-hat nutjob talking about.


Starting a new posting series on rising healthcare costs

Starting this week, I’m going to begin posting on a new question I’ve been researching – why does healthcare cost so much?

This is a pretty important question. Healthcare costs are up to 16% of the U.S. GDP, and are projected to hit 21% by about 2020. Insurance premiums are going up for most people next year, with no end in sight. The baby boomer generation is approaching retirement, and both the quality and quantity of healthcare necessary increases rapidly with age.

It’s pretty easy to find ideas on the internet. It’s Obamacare! Blame the rich doctors! It’s Big Pharma!

The reality is that there IS a cause. But what is it? There certainly are a ton of ideas out there, but most of them are politically-motivated, poorly-researched (some people think Facebook counts as research), and honestly many are just dumb. I’ll say it.

Stay tuned for next week. We will start by breaking down a couple common misconceptions and introducing some important ideas.