Monday, November 01, 2004
Fact: American health costs account for about 14 percent of GDP.
Fact: American Defense spending is about 3.5 percent of GDP.
So currently American spends about 4 times as much money on health care than we do on national defense.
What is interesting it that they are both very similar in term of transparency. Everyone knows the stories about $500 hammers, and toilets. Hospitals are even worse.
"Hospitals maintain that their voluminous fee schedules, called chargemasters, are tantamount to trade secrets and have fought to keep them out of the public eye."Any system that is not transparent is a breeding ground for corruption. Whether its a black budget for pentagon secrete projects or hospital billing. We pay for this corruption. But since it is hidden from us, by HMO, employer sponsored health plans. Medicaid, Medicare we allow this corruption to happen.
We need to pay for our health care directly. We need an sec for health care to require transparency. Health Savings accounts are a start. But a lot of work has to be done to tear down the corrupt health care system.