If you’ve bought an airline ticket in the last couple of years, you’ve no doubt noticed the airline industry’s wildly successful profit-generating trick of à la carte pricing, or unbundling. On top of the base ticket price are charges for things that used to be inclusive: baggage, leg room, meals, movies, etc. Some budget airlines are even considering pay toilets on board. Oh, joy.… read on
It’s no secret that our health care system is filled with conflicts of interest.
That’s because, for the most part, the doctors, hospitals and insurance companies that are the framework of the system are for-profit businesses. Like any other for-profit industry, health care sells a product and encourages you (or your insurance company) to buy it.
Exploring the “unreasonable, unsustainable” and “immoral” costs of treatment
If you or a friend or a family member have been impacted by the outrageous price of cancer drugs ($100,000 or more/year), take 15 minutes to watch this segment from a recent episode of the news magazine “60 Minutes.”
Over the last year, Elisabeth Rosenthal, a journalist and science editor for The New York Times, has written a brilliant series of articles titled Paying Till it Hurts:
In her series on the costs of health care, Elisabeth Rosenthal of The New York Times examines the price of medical care in the United States, interviewing patients, physicians, economists, and hospital and industry
Last night on the local news I watched a story about health care costs. The reporter, a consumer affairs specialist, talked about the expanding trend in health care of high-deductible medical insurance plans. Under the ACA, family annual deductibles can reach up to $12,700 (increasing to $12,900 for 2015); whatever your deductible, you pay your medical bills out of pocket until that deductible is met.… read on