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How American Health Care Killed My Father

But to argue that ERs are expensive in contrast with other therapy options, hospitals want to claim bills nicely beyond the marginal (or incremental) cost of serving ER patients. Between 1970 and 2006, annual Medicare payments to hospitals grew by roughly three,800 p.c, from $5 billion to $192 billion. Total annual hospital-care prices for all patients grew from $28 billion to nearly $650 billion during that same period. Since 1975, hospitals’ enormous revenue growth has occurred regardless of a 35 p.c decline within the number of hospital beds, no significant enhance in complete admissions, and an almost 50 percent decline within the common length of keep. Many health-care rules are justified as safety precautions.

But many additionally outcome from makes an attempt to redress the distortions that our system of financing health care has created. And whatever their objective, virtually all of those laws may be shaped over time by … Read More