What makes health care so expensive? You would think that an actuary that dedicates his life to understanding how to calculate risk and cost all day long would be able to answer that question. Likewise, a huge insurance company that has been in business for many years would also have the answer to the question. How about congress? Well, they probably do, but they aren't going to tell you the correct answer. I am personally appalled that none of these people can come up with a decent answer.
One senator’s office I called said, “I have no idea why healthcare is expensive.” This was their health care specialist!
More enraging than that is that fact that a lot of the "answers" seem to be coming from lobbyist organizations that lead you astray with half-truths.
Here are some of the lies being used about health care costs.There are a million things to improve, but all of these kinds of arguments ignore all the main points about cost. High prices are caused because of one reason: MONOPOLIES IN HEALTH CARE. This is the only reason. Anything else is a red herring.
So, any cost question you might have directly relates to how to deal with a monopoly. Here are some ideas that would help.
Half-truths have led many of us down the wrong path to fixing health care. For example, it’s true that it costs more to use the latest technology. However, it’s not true that it’s one of the main drivers of cost. It’s also not true that nobody wants to be a doctor. The real truth is that the system is set up to be anti-competitive. Healthcare pricing would easily be cut in half simply by using a single payer system and increasing the supply.