11 The real reason American health care is so expensive - VideoFoxes

VideoFoxes - Video Portal


The real reason American health care is so expensive

10 months ago

Hint: single-payer won’t fix America’s health care spending. Subscribe to our channel! http://goo.gl/0bsAjO Americans don't drive up the price by consuming more health care. They don't visit the doctor more than other developed countries: http://international.commonwealthfund.org/stats/annual_physician_visits/ But the price we pay for that visit - for a procedure - it costs way more: http://static1.squarespace.com/static/518a3cfee4b0a77d03a62c98/t/57d3ca9529687f1a257e9e26/1473497751062/2015+Comparative+Price+Report+09.09.16.pdf The price you pay for the same procedure, at the same hospital, may vary enormously depending on what kind of health insurance you have in the US. That's because of bargaining power. Government programs, like Medicare and Medicaid, can ask for a lower price from health service providers because they have the numbers: the hospital has to comply or else risk losing the business of millions of Americans. There are dozens of private health insurance providers in the United States and they each need to bargain for prices with hospitals and doctors. The numbers of people private insurances represent are much less than the government programs. That means a higher price when you go to the doctor or fill a prescription. Uninsured individuals have the least bargaining power. Without any insurance, you will pay the highest price. For more health care policy content, check out The Impact, a podcast about the human consequences of policy-making. https://itunes.apple.com/us/podcast/the-impact/id1294325824?mt=2 Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. Check out our full video catalog: http://goo.gl/IZONyE Follow Vox on Twitter: http://goo.gl/XFrZ5H Or on Facebook: http://goo.gl/U2g06o

12,695 Comments

2,507,552 Views

63,665 Likes

Related Videos

How the Republican Party went from Lincoln to Trump
Israeli settlements, explained | Settlements Part I
How tax breaks help the rich
The math problem that stumped thousands of mansplainers
Why is Scandinavia so expensive? | CNBC Explains
Obamacare in Trump country
The awkward debate around Trump's mental fitness
Why danger symbols can’t last forever
Why China is building islands in the South China Sea
Kellyanne Conway's interview tricks, explained
Giving birth costs a lot. Hospitals won't tell you how much.
Things AMERICANS Who’ve Never Traveled Don’t Know About the World...
The collapse of Venezuela, explained
Why Fox News just can't quit Donald Trump
Why America still uses Fahrenheit
China's trillion dollar plan to dominate global trade
How Technicolor changed movies
How drug companies make you buy more medicine than you need
The science is in: Exercise isn’t the best way to lose weight
Why cities are full of uncomfortable benches
Expensive wine is for suckers