Why are U.S. Healthcare Costs So High?

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Why are U.S. Healthcare Costs So High? par Mind Map: Why are U.S. Healthcare Costs So High?

1. United States Healthcare

1.1. Components

1.1.1. Health Insurance Marketplaces

1.1.1.1. Such as those created by the

1.1.1.1.1. Affordable Care Act

1.1.2. Medicare

1.1.3. Medicaid

1.1.4. Private Insurance Companies

1.1.5. CHIP

1.1.6. Veterans Administration

1.2. Political Party Views

1.2.1. Democratic

1.2.1.1. Who believe that

1.2.1.1.1. Healthcare should be a right provided by the government.

1.2.2. Republican

1.2.2.1. Who believe that

1.2.2.1.1. The government shouldn't be too involved in Americans' lives; the free market should have a large role in healthcare.

2. Healthcare in Other Countries

2.1. Universal Healthcare

2.1.1. Associated with

2.1.1.1. Doctor Shortages

2.1.1.2. (Higher) Taxes

2.1.1.2.1. Higher taxation to cover costs.

2.1.1.2.2. Bernie Sanders plan would cost ~$1.3 trillion a year.

3. Increasing Elderly Population and Longer Lifespans

3.1. Put stress on entitlement programs.

3.1.1. Such as

3.1.2. Which are

3.1.2.1. Not monetarily able to handle the influx of older patients.

3.2. Women tend to outlive men

3.3. Becoming more expensive to die

4. "Disruptive" Medicine

4.1. Millennial's different views on healthcare.

4.1.1. Leads to

4.1.1.1. Evolution in Healthcare Practices

4.1.1.1.1. Such as

5. Financial Burdens Due to Healthcare Visits

5.1. Leads to

5.1.1. Fewer people that can afford to go to the doctor.

5.1.1.1. Meaning that

5.1.1.1.1. People might not want to go to the doctor unless they absolutely have to.

5.1.1.1.2. People are scared about missing work due to healthcare visits

6. Administrative Waste

6.1. caused by

6.1.1. Health Insurance Companies

6.1.1.1. Which have a

6.1.1.1.1. Medical Loss Ratio of 80-85%

6.2. could be reduced with

6.2.1. implementation of technology

6.2.1.1. RFID

7. Prescription Drug Costs

7.1. Can be decreased by encouraging

7.1.1. Generic drug brands

7.1.1.1. Some hospitals are starting to manufacture their own drugs, finding it cheaper than buying from a supplier.

7.2. Currently, no price negotiations are allowed for the US Govt.

7.2.1. Which leads to

8. Defensive Medicine

8.1. Means that currently it is

8.1.1. Easier to sue for perceived maltreatment in U.S.

8.2. could be relieved with

8.2.1. Tort Reform: Laws to protect doctors.

8.2.1.1. Which would include

8.2.1.1.1. A higher burden of proof needed to sue.

8.2.2. Informing patients of prices before completing procedure.

8.3. leads to

8.3.1. Unnecessary Medical Procedures

8.3.1.1. such as

8.3.1.1.1. CT Scans, X-rays, and Overprescription of Antibiotics

9. Patent Law Abuse

9.1. Allow for Private Control of Price

9.1.1. which leads to

9.1.1.1. Arbitrary Price Raises

9.1.1.1.1. such as

10. Accessibility

10.1. 16% of Americans Uninsured

10.2. New Culture of Dying in Hospital Beds Instead of Homes

10.2.1. More people using healthcare

10.2.1.1. copays

10.2.1.2. more complex procedures

10.3. Could be increased with more

10.3.1. Financial Transparency