Repairing this is difficult. The best news amazingly is that we now have a federal monopoly established with the taxpayer acting as a co payer in one way or the other. This is change and that allows pressure to be brought to bear. Recall that everywhere else is cheaper for better outcomes.
It will take time but not forever either. As soon as the dust settles, statistics will emerge and the right questions will be asked as we compare our results to everyone else. Since the majority of healthcare is not slightly unique to the USA, it will be easy to discover gamed sectors.
This has proven disastrous with municipal management, local police departments and education systems. A regulatory regime needs to be thought out that stops local gouging.
The Chart that Could Undo the Healthcare System
by Max Borders
[The chart] outlines the growth of administrators in healthcare compared to physicians over the last forty years. And, it includes an overlay of America’s healthcare spending over that same time. Take a look at the yellow color. A picture is worth a thousand words, isn’t it?
You see, when you have that much administration, what you really have is a bunch of meetings. Lots of folks carrying their coffee from place to place. They are meeting about more policies, more protocols to satisfy government-created nonsense. But, this type of thing in healthcare isn’t fixing things. It’s not moving the needle.What moves things is innovation.
A particular challenge we confront is that our progress as a society — chiefly, in extending and improving lives — is now at a point in which it appears to be undercutting our potential for further advancement. Part of this, Mr. Cowen observes, stems from well-meaning efforts to do more with education, government, and health care that instead seem to have backfired and left us with noncompetitive institutions closer to failing us than to serving us well.