Two Year Drop in American Life Expectancy Results from Opioid Abuse Crisis

According to a National Center for Health Statistics report, life expectancy in 2016 averaged 78.6 years — a 0.1-year decrease from 2015. “That’s not a whole lot, but when you’re talking about it in terms of a population, you’re talking about a significant number of potential lives that aren’t being lived,” Robert Anderson, chief of the mortality statistics branch at the NCHS, said. Continue reading “Two Year Drop in American Life Expectancy Results from Opioid Abuse Crisis”

Why are Healthcare Costs So High?

In a free market, goods and services are allocated through transactions based on mutual consent. No one is forced to buy from any one supplier.   No one is forced to engage in any transaction at all.   In a free market, no transactions occur if a price cannot be agreed. Today when the consumer  receives  health care, it  is not an arm’s length transaction.  America does not have a free market health care system.

In a November 2017 article in JAMA reporting the study of US health  care spending  from 1996 through 2013,the author noted, “Price and the variety and complexity of services is the largest driver of health care spending increases. In fact, more than half of the total spending increase was due to price and intensity increases, which contributed $583.5 billion to the $933.5 billion total increase. [1]

In America prices are too high for a number of reasons: lack of transparency, monopoly hospitals and other anti-competitive practices. Continue reading “Why are Healthcare Costs So High?”

US Wastes $ 1 Trillion a Year on Healthcare

The United States spends almost twice as much on healthcare as a fraction of GDP and on a per person basis than the average of other economically developed nations without achieving substantially better health outcomes The United States spends significantly more on health care than of the other high income   democracies.  For 2016 the Organization for Economic Co-operation and Development (OECD) reported that the United States spent 17.2% of its Gross Domestic Product on health care. These are comparisons of the health care spending for select countries as a percentage of each country’s GDP for 2016.  The data was extracted from OECD Stats. Continue reading “US Wastes $ 1 Trillion a Year on Healthcare”