How to save 161 Billion?

  1. alternet:

    meanwhile, according to author terry boychuk, the rest of the industrialized world, including many developing countries like mexico, korea, and india, viscerally understood that private insurance would [never be able to] cover all necessary hospital procedures and services; and that even minimal protection [is] beyond the reach of the poor, the working poor, and those with the most serious health problems. today, over half the family bankruptcies filed every year in the united states are directly related to medical expenses, and a recent study shows that 75 percent of those are filed by people with health insurance.
    the united states spends far more per capita on health care than any comparable country. in fact, the gap is so enormous that a recent university of california, san francisco, study estimates that the united states would save over $161 billion every year in paperwork alone if it switched to a singlepayer system like canada's. these billions of dollars are not abstract amounts deducted from government budgets; they come directly out of the pockets of people who are sick.
    research on 38 million adult patients in 26,000 u.s. hospitals revealed that death rates in for-profit hospitals are significantly higher than in nonprofit hospitals: for-profit patients have a 2 percent higher chance of dying in the hospital or within 30 days of discharge. the increased death rates were clearly linked to "the corners that for-profit hospitals must cut in order to achieve a profit margin for investors, as well as to pay high salaries for administrators."

    it never ceases to amaze me as to the amount of money we spend on health care. the highlighted countries are ones that are accepting outsourced jobs from the us. we lose jobs every year because of our lack of a rational health care delivery system.
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