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Review Article
High Cost of Healthcare in the United States-A Manifestation of Corporate Greed
Author(s): Pankaj Mathur, Shweta Srivastava and Jawahar L MehtaPankaj Mathur, Shweta Srivastava and Jawahar L Mehta
Rising costs of health care has been a cause of concern in recent years. According to the latest estimates we spend $2.9 trillion dollars every year, around 18% of the GDP, and about $9,255 per person each year in health care costs. But it is highly debatable if this high expenditure translates into improved patient care and healthcare outcomes. The healthcare is presently considered an industry or a business venture. The corporatization of medicine leading to the rising administrative costs and growing cost of prescription drugs and devices is also a cause of concern and are major contributing factors to the rising health care costs. The practice of defensive medicine is, in part, contributing to the present situation. We believe that the present-fee-for-service reimbursement model needs to be changed to value-based-care which can help in improvement of patient care outcomes without .. Read More»
DOI:
10.4172/2472-1026.1000103
Journal of Forensic Medicine received 165 citations as per Google Scholar report