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Money-Driven Medicine: The Real Reason Health Care Costs So Much txt Money-Driven Medicine: The Real Reason Health Care Costs So Much, text ebook Money-Driven Medicine: The Real Reason Health Care Costs So Much, adobe reader Money-Driven Medicine: The Real Reason Health Care Costs So Much, chapter 2 Money-Driven Medicine: The Real Reason Health Care Costs So Much, Money-Driven Medicine: The Real Reason Health Care Costs So Much d5da02 Why Is Medical Care In The United States So Expensive For Decades, Americans Have Taken It As A Matter Of Faith That We Spend Because We Have The Best Health Care System In The World But As Costs Levitate, That Argument Becomes Difficult To Make Today, We Spend Twice As Much As Japan On Health Care Yet Few Would Argue That Our Health Care System Is Twice As GoodInstead, Startling New Evidence Suggests That One Out Of Every Three Of Our Health Care Dollars Is Squandered On Unnecessary Or Redundant Tests Unproven, Sometimes Unwanted Procedures And Overpriced Drugs And Devices That, Too Often, Are No Better Than The Less Expensive Products They Have ReplacedHow Did This Happen In Money Driven Medicine, Maggie Mahar Takes The Reader Behind The Scenes Of ATrillion Industry To Witness How Billions Of Dollars Are Wasted In A Hobbesian Marketplace That Pits The Industry S Players Against Each Other In Remarkably Candid Interviews, Doctors, Hospital Administrators, Patients, Health Care Economists, Corporate Executives, And Wall Street Analysts Describe A War Of All Against All That Can Turn Physicians, Hospitals, Insurers, Drugmakers, And Device Makers Into Blood Rivals Rather Than Collaborating, Doctors And Hospitals Compete Rather Than Sharing Knowledge, Drugmakers And Device Makers Divide Value Rather Than Thinking About Long Term Collective Goals, The Imperatives Of An Impatient Marketplace Force Health Care Providers To Focus On Short Term Fiscal Imperatives And So Investments In Untested Bleeding Edge Medical Technologies Crowd Out Investments In Information Technology That Might, In The Long Run, Not Only Reduce Errors But Contain CostsIn Theory, Free Market Competition Should Tame Health Care Inflation In Fact, Mahar Demonstrates, When It Comes To Medicine, The Traditional Laws Of Supply And Demand Do Not Apply Normally, When Supply Expands, Prices Fall But In The Health Care Industry, As The Number And Variety Of Drugs, Devices, And Treatments Multiplies, Demand Rises To Absorb The Excess, And Prices Climb Meanwhile, The Perverse Incentives Of A Fee For Service System Reward Health Care Providers For Doing , Not LessIn This Superbly Written Book, Mahar Shows Why Doctors Must Take Responsibility For The Future Of Our Health Care Industry Today, She Observes, Physicians Have Been Stripped Of Their Standing As Professionals Insurers Address Them As Vendors Dear Health Care Provider , Drugmakers And Device Makers See Them As Customers Someone You Might Take To Lunch Or A Strip Club , While Consumers Aka Patients Are Encouraged To See Their Doctors As Overpaid Retailers Before Patients Can Reclaim Their Rightful Place As The Center And Indeed As The Raison D Tre Of Our Health Care System, Mahar Suggests, We Must Once Again Empower Doctors To Practice Patient Centered Medicine Based Not On Corporate Imperatives, Doctors Druthers, Or Even Patients Demands, But On The Best Scientific Research Available

About the Author: Maggie Mahar

Is a well-known author, some of his books are a fascination for readers like in the Money-Driven Medicine: The Real Reason Health Care Costs So Much book, this is one of the most wanted Maggie Mahar author readers around the world.

10 thoughts on “Money-Driven Medicine: The Real Reason Health Care Costs So Much

  1. says:

    This really is a well thought out and well put together book unfortunately, it is depressing as hell Doctors who overtreat, doctors who are run out of practices they love, pharmaceutical reps gone mad, insurance companies running amok PROFIT PROFIT PROFIT.Other good books to check out include Overtreated and Our Daily MedsThis whole book makes me realize that a system made to profit on your personal health, or lack thereof, sucks Now, don t get me wrong, doctors need to be paid for the services they provide We have to pay for medications we need But when is it enough How much is enough The system is sick Insurance companies use your health as a commodity you getting sick and needing tests COSTS THEM MONEY How rude The pharmaceutical companies profit from you getting ill They will invent illnesses to sell you a pill The system is flatlining.Do people really think Obama is gonna bring on the crash cart and revive it I m not seeing it.I especially like the new finding that mammograms should be done at age 50.http www.usatoday.com news health 2 after YEARS of nagging about early detection But what Screening costs money Costs who money Insurance companies Oh Hold off on that screening for a bit Maybe we can skip those pricey, er, pesky chemo treatments as well.Anyway, the author did an amazing job on this book My only complaint is that someone so intelligent and common sensical can t fix it Damn it woman, wave a wand and fix it for the millions of uninsured.Please

  2. says:

    A very well written book about the health care industry in the United States The book details how the American health system started and its evolution into the mess it is today This is clearly an issues book, no solutions are really considered, though, they are implied while reading In short, doctors are paid per procedure, if there is an excess of supply, people will use it, possibly in an unconscious way This means that there are real economic reasons to offer all sorts of agressive procedures There are good doctors out there who care about their patients and try to do only what is necessary Health insurance generally pays for every procedure, no matter how unnecessary it might be, to avoid a public backlash When they do try to restrict coverage, they get media attention, often deservedly so As such, they pass the rising costs onto policy holders There are also several sections about specialty hospitals, on insurers, how other countries handle health care, and pharma By the end of the book, it became even clear that the health system in the U.S is broken and in desperate need of being fixed, or scrapped entirely and replaced with something different Many argue that in doing so, health care will be rationed However, it already is rationed Unlike other countries, who have supply side rationing, the U.S health care industry rations based on what you can pay, so it is demand rationing The affluent can usually afford to pay for all the procedures they want, but everyone else is stuck paying a fortune Even middle class policy holders often find themselves in sticky financial situations during an illness, thanks to bad insurance policies This ultimately means that many medical procedures are focused on fixing problems once things have broken rather than keeping them from breaking in the first place Once again, this is a very good book and a must read for anyone interested in the health care debate in the United States.

  3. says:

    Why does health care cost so much in the US than in other developed nations while achieving inferior results overall Maggie Mahar attempts to answer this question in Money Driven Medicine and the answer is not a simple one Some of the contributing factors include The fact that doctors bill piecemeal by procedure or test rather than for the overall health outcome of the patient No one has an incentive to provide preventative care because profits are low Too much money is spent in the last year of a patient s life on heroic measures when palliative care would be better suited Patients with insurance and the doctors who treat them are not motivated to seek out the most cost effective treatments Drug companies and medical device manufacturers reap huge profits often on products that are no better than existing ones Insurance companies act as intermediaries between a doctor and his patient skimming profits better spent on treatmentBecause the US is now pouring 2 trillion dollars a year into healthcare, the sharks are circling With deep vested interests in the status quo it is no wonder changes to the system have been nearly impossible Mahar does an excellent job explaining the current state of medicine in the US using both anecdotes and hard data to back her conclusions.

  4. says:

    Free markets tend to balance out over the long run The problem, as John Kenneth Galbraith noted, is that in the long run, we are all are dead The problem of letting the market rule is even problematic in a market that is as dysfunctional as medicine.Mahar illustrates throughout Money Driven Medicine why market forces don t work as one might expect in healthcare, and why it comprehensive reform is urgently needed.By far the best of the healthcare policy books I ve read over the past year Where Jonathan Cohn s Sick consisted of anecdotes illustrating our healthcare system s brokenness, and Overtreated looked at how our healthcare system often delivers unnecessary treatments, Money Driven Medicine gets to the root of the problems with the system, and offers some alternative solutions, including a look at the VA s incredible turnaround from being a poorly managed bureau to delivering some of the best and most technologically savvy care in the United States.Definitely worth reading if you re interested in the Gordian Knot that is the American healthcare system.

  5. says:

    I have heard many people, including some prominent politicians, state that the U.S health care system works well for most Americans, therefore it should not be meddled with or overhauled.My response to this claim would be that, first of all, just because the majority of Americans have health coverage, that doesn t imply that it is working for them What about the extremely high costs involved What about the hassles and worries that we all have to deal with that citizens in other countries don t have to deal with What about our friends and loved ones who don t have coverage If it s not working for my loved ones, is it really working for me Secondly, I would point out that Nazism was working very well for the vast majority of Germans also But, unfortunately for the Jews, Gypsies, homosexuals, disabled, dissenters, and other undesirables of Germany, Nazism didn t really do much good for them So, was there a valid reason to modify or overhaul Nazism in Germany when it was working quite well for most Germans Obviously, the working well for most argument is completely bogus.The facts are that health care in the U.S costs nearly double per capita what modern European countries pay and we get significantly worse results from our system than they do by most methods of measurement, including life expectancy Further, all citizens of European countries have access to basic health care, while at least 20% of Americans, including millions of children, have no access And for the millions of Americans who fall through the cracks of our health care system, life often becomes mired in financial and medical disaster that is not only unnecessary, but excessively costly to our whole society as well So, why does health care in the U.S cost so much and deliver so little The reasons are numerous, and they are so ingrained into our culture and economic structure that significant improvement in the near term is very unlikely This book spells out the problems in fine detail with many clear examples to illustrate the points The book offers few, if any, solutions it merely spells out the problems But it becomes obvious that formulating solutions or simple improvements to the quagmire we are in will be a monumental task.This is a very good book for learning about this very important issue However, it is not an easy or enjoyable read but, then again, why should it be How could it be The three star rating is simply a reflection of my enjoyment and life impact levels, because this really is a good, accurate, well researched book.

  6. says:

    Mahar thoroughly investigates the current US health care crisis in Money Driven Medicine She has compiled a diverse and expansive sampling of interviews with physicians, hospital administrators, insurance providers, pharmaceutical companies, government agencies, and Wall Street analysts She uses her proven economic savvy see Bull to illuminate the source of many crucial problems we are experiencing with our free market health care system.She quotes expert opinion extensively and delivers her message in a concise, efficient way The book is fairly long, but is literally packed with statistics, case studies and the like I cannot validate the credibility of all of the experts she quotes, but from a small amount of investigation I ve done they seem to be fairly notable.Totally recommended for anyone who is curious about why injustice doesn t merely strike the poor, but the middle class as well in our country You won t want to go to the doctor afterwards though, so study up on your Physician s Handbook.

  7. says:

    One factor that does not drive high healthcare costs is malpractice lawsuits and insurance, which together make up 0.5% of healthcare spending in the US as in other industrialized nations The data are clear Healthcare spending in the US is high vs other countries because we pay higher prices for the same services, have higher administrative costs, and perform specialized procedures The reasons we pay higher prices and receive services are many but one stands out and that is that in US healthcare supply determines demand Elements of Obamacare e.g ACOs offer hope but large provider groups, insurers, pharmaceutical firms, and device makers have shared interests that will be difficult to overcome.

  8. says:

    I would love for an updated version of this to be written with a chapter on the ACA Still, this is a thorough explanation of just how we got to this point in U.S healthcare and how much worse it is than I already thought.

  9. says:

    Maggie Mahar s fascinating and compelling book, Money Driven Medicine The Real Reason Health Care Costs So Much, contributes much to our understanding of the current health care crisis Mahar takes the reader behind the hysterical ranting about pulling the plug on grandma and socialized medicine In doing so, she provides the reader with a clear and accessible analysis of the underlying dynamics that result in our paying , for less effective care The disciples of the free market would have us believe that competition between insurance companies serves to dampen soaring prices Unfortunately, as Mahar shows, the fiercely competitive health care arena pits doctors against doctors and hospitals against hospitals In the current system, everyone gets paid on a piece rate basis The procedures, prescriptions, surgeries provided the higher the profit The problem with this kind of arrangement is that often times is not necessarily better That is, treatment does not result in better health outcomes for patients.Mahar is at her best when she present strong evidence of the failure of treatment to foster greater health She details examples of how the flurry of unproven treatments, unnecessary tests, and defective medical devices actually threatens patients well being Money Driven Medicine should be required reading for every member of Congress as well as all Americans We need to move beyond distracting and obfuscating hyperbole toward a thorough accounting of exactly how our health care system works Only then will we be able to develop rational and effective policy options to ensure the health and well being for all.

  10. says:

    A very engrossing book on the economics of health care in the United States There s plenty of blame for everyone to go around in this one when it comes to why Americans pay so much for health care yet don t get the quality of other countries It appears that the single largest problem is that unlike in typical economics, the supply drives the demand in health care This is borne out in the fact that health care costs are greater in parts of the country where there are hospital beds and specialist physicians In other words, if you build it, they the patients will come and they the physicians and hospitals will find procedures and treatments to do in order to fill their calendars and pocket books The only disappointing thing about this book was that it didn t seem to provide too many solutions For example, it discusses the negative impact of pay for service, but then goes on to almost equally disparage pay for performance outcomes without offering another idea Regardless, this is an extremely interesting read full of amazing statistics regarding health care provision in the U.S highly recommended.

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