American healthcare might not be the best world, but it is the most expensive.
SUBSCRIBE to get the latest truTV content: http://bit.ly/truTVSubscribe
Check out videos from Impractical Jokers: http://bit.ly/IJTruTV
Check out videos from Billy On The Street: http://bit.ly/BillyOnTheStreet
Check out videos from Adam Ruins Everything: http://bit.ly/ARETruTV
Check out videos from The Carbonaro Effect: http://bit.ly/TheCarbonaroEffect
Check out videos from Comedy Knockout: http://bit.ly/ComedyKnockout
Check out videos from Hack My Life: Inside Hacks: http://bit.ly/HackMyLife
Check out videos from Talk Show The Game Show: http://bit.ly/TalkShowTheGameShow
Check out videos from Upscale with Prentice Penny: http://bit.ly/UpscaleWithPrenticePenny
See more from truTV: http://bit.ly/FunnyBecauseItsTRU
Like truTV on Facebook: http://bit.ly/truTVFacebook
Follow truTV on Twitter: http://bit.ly/truTVTweets
Follow truTV on Instagram: http://bit.ly/truTVInsta
Seen across multiple platforms in 90 million households, truTV delivers a fresh and unexpected take on comedy with such popular original series as Impractical Jokers, Billy on the Street, The Carbonaro Effect, Adam Ruins Everything, Hack My Life and Fameless, as well as the original scripted comedy Those Who Can’t. The fun doesn’t stop there. truTV is also a partner in airing the NCAA Division I Men’s Basketball Championship.
Adam Ruins Everything - The Real Reason Hospitals Are So Expensive | truTV
So insurance companies enter the picture → prices increase → whole video ignores the insurance company & tries to vilify the hospital for not charging different people different prices for the same service. Interesting. Full disclosure, I'm an admin for a hospital and insurance companies are the reason 80% of the hospital admin staff have jobs.
Insurance companies *say* they cover something as long as you pay your premium, but the reality is they're constantly looking for a way out of paying for your medical services. Most people aren't even aware that any insurance company can deny coverage for a covered service if they don't think it's "medically necessary." That's literally all they have to say too- then BAM that MRI you thought you'd be paying 20% of, you're now paying for 100% Out of Pocket b/c the insurance company doesn't think it's medically necessary for you to have a MRI. What happens next? If you're lucky, your doctors/nurses/admin staff will go to bat for you and argue the insurance company into covering the service by doing what's called an Appeal and convincing the insurance company why your medical procedure isn't just for fun & why you actually need it.
Fact of the matter is, with the exception of Medicare & Medicaid, American health insurance companies are for-profit, meaning the more money they can take from you via monthly premiums and the less money they lose by paying for your medical treatments, the better. They can then keep that money and invest it to make their stockholders more money and make their company more valuable. They could care less if you're dying as long as you take out less money than you pay them. That's why they want to be able to deny coverage to sick people.
Well actually Adam, because of "Obama-care," the high cost at hospitals IS political. The democrats, and some republicans, told the people that health care is a right, which in turn exploded the price for anyone who did not get the "free" care. The super wealthy can afford it, the middle class can not and the poor, and illegals, don't care because they don't pay (relative cost).
Also, how can you state that it isn't political at the beginning, then state that it is at the end? Lobbyists? And you literally said "...politicians have spent decades arguing on how to pay, instead of asking why the bill is so high?" If politicians are mucking around with the topic and digging for solutions, (with different ideas on how and why) then isn't it political?
Allow competition and the prices will start dropping because the "charge master" or the insurance companies can not dictate the price for EVERY hospital.
So I'm assuming this is why people are screeching why we should have free healthcare? Yeah I'm sure what will incline privately owned medical company's to work harder and care more about their patients. By forcing them to not run their businesses the way they choose to do so and having the government get involved. not to mention the government will just force us to pay that markup any way just in taxes. I'd rather pay for overpriced medical treatment every once in a while when i have personal health issues vs paying for it once a week so that way everyone can reap the benefits of my labor.
If politicians aren't responsible for it, then why do hospitals lobby politicians? The HMO act was passed in the early 1970s to lower the price of medicine. It's been skyrocketing since. Hospitals are not beholden to patients as customers, they're beholden to government because of government payments.
Where I live, it works like this: You pay for your problems up until roughly 100 dollars. Anything beyond that is free until a set date every year.
Because the idea is that is that getting help with simply being a healthy and functional member of society should in no way ruin you economically.
Also, for extended hospital stays, the max amount you can be legally charged with is about 10 dollars a day. Again, why should your health be your ruin? Us humans are very susceptible to these things after all.
What country do I live in? Not the freaking US of A, I can tell you that much! I used to have a friend with multiple allergies who could afford his medicine *because* proper healthcare had his back!
If it had been America, I don't wanna imagine what had happened to him... how can you do this to your own people, honestly? I'm... shocked. And sad. And scared. Just stop. Please...
I think you’re missing a huge part of the costs—the bastardized public/private health care system we currently have. Under US law hospitals are required to treat anyone who shows up for emergent care regardless of ability to pay. Those that have no insurance and can’t pay simply don’t, and those costs have to be absorbed by everyone else who does pay. This problem is being helped by Obamacare (requiring everyone to get insured), but there are still a lot of folks that get “free” healthcare by simply not paying (easy to do if you go to a county hospital and give a fake name/address etc). Hospitals are also required by law to not ask any questions that could put someone in legal trouble, so that’s another way out. Also drug prices are extremely high due to the rigorous testing process the fda requires drug companies to go through. Those companies then receive temporary patents on their products as a “reward” for going through the process, and then recoup their expenses by charging exorbitant prices on the brand new drugs they researched while they have a temporary monopoly.
Nice work with a little education on the problem, but this is actually a way larger problem than this video (and the 2 or 3 researched news articles) would lead you to believe.
Get this. I have to take budesonide, 3 pills a day. With insurance, the bottle costs me $10, without $300...
I found it in Mexico for $40 a bottle.... And not the generic brand either!
Buying the medicine there and having it shipped here is cheaper than buying it here... Crazy, right?
Brazil have public but bad Public healthcare
At least UK take the idea and make a Better SUS (or Unique Health System, of course translated to english because in portuguese means: Sistema Único de Saúde = Unique Health System)
This is missing on how heath care tourist’s also create the ever increasing costs. By simply getting into the U.S.A getting treated and going home without paying causing the Hospital to increase the price for the next person.
Riddle me this Kevo...
Do You think if politicians didn't exercise the authority to pass legislation and regulation over the medical industry they don't Constitutionally have, would there be an incentive for medical industry to lobby?
This is really informational, but the flaw comes at the end :) as if this system isn't solveable thru socialism and communism... This perspective treats the capitalism as then, as good, jus tbecause its a lot easier than the weight of capitalism now, but it's still just as exploitative. cuba is much better
"Congress is arguing about who pays the bill instead of why the bill is so high." --- Exactly! Part of the problem is that the consumer has no input into the decisions. If you go to a hospital, you are told what you will pay for and how much it will cost. Even if you ask, they won’t know. It's like going to get a car, and the dealer says you will be driving home with a Lexus LX with leather seats, and moon roof. You find out two months later that the air freshener costs $6,000. Doctors also practice defensive medicine because of lawsuits too. These need to be moderated. There is no reward for a doctor not to order an array of tests, but the risk to him is high. He has no incentive on his part to moderate costs. Since insurance pays for the most part, you don’t realize how much has been spent until your rates go up the following year.
They have to make up their losses for all the free medical services they are providing to POOR immigrants or poor to low income U.S. citizens. Medicaid doesn't pay enough for services rendered, so they overcharge the Insurance companies for us who can pay high copays. If you have a job or a home and no insurance, you're screwed. They'll put a lien on your home and garnish your wages if they feel your monthly payment to them is not enough.
Community pharmacists are the health professionals most accessible to the public. They supply medicines in accordance with a prescription or, when legally permitted, sell them without a prescription. In addition to ensuring an accurate supply of appropriate products, their professional activities also cover counselling of patients at the time of dispensing of prescription and non-prescription drugs, drug information to health professionals, patients and the general public, and participation in health-promotion programmes. They maintain links with other health professionals in primary health care.