Given the Angies List article, “How Much? Who Knows!” as a starting point, I would like your input on how we might start to try and control health care prices in the United States. Kaiser, is a large health insurance company in the U.S., recently stated “The amount of unnecessary, inappropriate or wasteful care delivered in the United States is estimated to be quite high, so there is potential for substantial savings if care patterns could be improved (Kaiser p.27).” Health care costs are also anticipated to be an increasing share of expenses for the retired.
You could look for sources from abroad that might have similar issues, or look into what insurance companies have proposed to reduce price growth. Remember, I am not asking you to talk about the rising cost of health insurance, or the ACA (Obamacare), although those might be related issues. Focus on ways to reduce the expenses related to health care.
- What does the Angie’s List article suggest patients do for themselves to help control costs? Are there estimates of how much money this might save in aggregate?
- What type of technological developments have occurred that have raised the cost of care? lowered the cost of care?
- How does litigation play a role in the rising cost of health care? What role could government have in reducing these costs?