Getting Extreme Profits Out of Healthcare

 

In the U.S. we spend roughly double what other industrialized countries spend on healthcare per capita but have a lower quality of care. What’s driving up the cost? Extreme profits. In virtually every other health system, health insurance companies are non-profits – they have no incentive to drive up costs – and they use negotiate standard fees for various procedures. As healthcare costs continue to spiral out of control, it’s clear that we can no longer stand to be the exception to the rule to protect the profits of a handful of individuals.

Dream of a Nation PartnerSteven Hill
Finding Models for Reform

Steven Hill is a political writer focused on pressuring America to pass innovative reforms based on success models in other countries, especially nations in the European Union. Read more.

 

Read Steven Hill's essay: "Tackling the Profit Problem in Healthcare"
Read Steven Hill's essay

Endnotes & References

 

 

What If?

Q. What if the United States had a healthcare system similar to Germany?

A. Following a European model doesn’t necessarily lead to “socialized medicine.” Germany mixes a public-private model. That still allows freedom to choose doctors and procedures, but also keeps their costs at half the United States’.

Q.  What if pharmaceutical companies had to negotiate prices in the U.S. like they do in Europe?

A.  Many European pharmaceutical manufacturers now specifically target the American market, where they often make 5 times as much per pill.