Thursday, August 29, 2013

The Healthcare Debt Debacle

Obviously, the United States' healthcare expenditures and rising debt are one of the most talked about topics regarding the financial health of the country. I thought I would share this picture story that I came across that does a nice job of outlining the reasons of "Why It Costs An Arm And A Leg To Treat An Arm And A Leg." :) 

http://www.upworthy.com/why-health-care-costs-an-arm-and-a-leg-to-treat-an-arm-and-a-leg

Some of the main reasons addressed include:

  • New Medical Technology
  • Provider Price Inflation
  • Low Primary Care Use/ Inadequate Patient Steerage
  • High Spend on Care and Specialists
  • Increased Life Expectancy
  • Increased incidence of chronic disease
  • Fraud

Practicing in a healthcare environment like this will definitely warrant me to think about how I can do my part to practice SMART and contribute to better overall care for the patient. 

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