While there are potential pockets of healthcare cost reductions, the most significant expense for patients by far is health insurance costs, which are beyond their control.
As a snowball effect, hospitals are also trying to capitalize on this healthcare inflation. For example, my knee ACL repair surgery cost me $15,000 in 2005, while the exact same surgery (yes, I know, I should stop playing basketball 🙄) cost me $100,000 in 2024, at the same hospital: NYU Langone Medical Center on 333 E 33rd St in New York.
I hate to say this, but to make healthcare affordable, there must be antitrust action. I was hoping for legislative action, but, unfortunately, the HITECH Act of 2009 and the Inflation Reduction Act of 2022 have only made the monopoly power of UnitedHealth and Epic stronger.
While there are potential pockets of healthcare cost reductions, the most significant expense for patients by far is health insurance costs, which are beyond their control.
As a snowball effect, hospitals are also trying to capitalize on this healthcare inflation. For example, my knee ACL repair surgery cost me $15,000 in 2005, while the exact same surgery (yes, I know, I should stop playing basketball 🙄) cost me $100,000 in 2024, at the same hospital: NYU Langone Medical Center on 333 E 33rd St in New York.
I hate to say this, but to make healthcare affordable, there must be antitrust action. I was hoping for legislative action, but, unfortunately, the HITECH Act of 2009 and the Inflation Reduction Act of 2022 have only made the monopoly power of UnitedHealth and Epic stronger.