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This Medical Bill Can’t Be Right, Can It? | Medscape

Cutting the Cost of Care
A recent study in JAMA[1] revealed that the high cost of healthcare in the United States is largely related to the price of labor (higher physician and nurse salaries) and goods (including pharmaceuticals and medical devices), more utilization of expensive CT and MRI scans, and higher administrative costs. The healthcare business seeks opportunities to make a profit.

Cutting healthcare costs doesn’t mean skimping on appropriate care. It means choosing care that is necessary, with an awareness that the goal of a business is always to sell more products or services. Costs will decline when we start to conduct healthcare transactions (at least in nonurgent settings) more like other business transactions—with transparency, accurate information, and an understanding of the alternatives. With transparent pricing and more responsibility on the part of the consumer to pay for healthcare, the consumer will want to be informed and to participate in making those decisions. Clinicians will need to know more about how a pill or test might affect outcomes.

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This Medical Bill Can’t Be Right, Can It?.