Price Transparency: How to Fix Healthcare

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PragerU

Сарын өмнө

How can a simple blood test cost $30 at one lab and $300 at another across the street? The answer to this question could save billions, as well as make healthcare more accessible and affordable for everyone. Will Bruhn, co-founder of Restoring Medicine, explains.
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Script:
How messed up is our healthcare system?
This messed up.
Researchers compared prices amongst 53 hospitals for a standard heart procedure, called a CABG, or coronary artery bypass grafting. Not only did the researchers find a 10-fold difference in price for the same procedure across hospitals - from $44,000 dollars to $448,000 dollars; but they also found no correlation between higher prices and better quality of care.
Other studies have shown there can be up to a 39-fold variation in price for a simple blood test across medical centers in the same metro area.
Here's the punchline.
We have no idea how much we're paying for healthcare services.

Why is it that when you need to get a surgery or medical test, you can't get a price the same way you can when you shop for, say, an airline ticket?
Imagine if the airlines didn't post prices. Instead, when you bought your ticket, Delta just said, "we'll bill you after your flight because we don't know what the cost of fuel will be that day." Then a week later you get a bill for $4,000. You'd scream bloody murder and rightly so. Yet this is precisely what we are dealing with in American healthcare.
With rare exceptions, when you go in for back surgery or a thousand other kinds of medical procedures, you have no idea how much it's going to cost you. Worse, no one would be able to tell you if you bothered to ask.
That's because medical billing is a ridiculously complex dance between hospitals, insurance companies, and various middlemen. The hospitals charge crazy prices - $100 for aspirin, for example - and the insurance companies and middlemen agree, through special, often secret deals, to pay some percentage of that.
That's how your knee replacement which the hospital says costs $50,000 on its itemized bill, actually costs you $5,000 - after your deductible.
Out of all this confusion, one thing is crystal clear: medical costs are skyrocketing.

And, Americans are having more and more trouble paying the bill.
Nearly 1 in 5 of us has medical debt in collections.
If you think this problem doesn't apply to you because you have insurance through your employer, and therefore your costs are covered, think again.
Over the past five years, employees have had to increase their contribution to their premiums by 15%, in addition to a 36% increase in deductibles. Meanwhile, wage increases have not kept up, rising 14% over the same period.
Yes, that salary increase you so richly deserved was eaten up by the increased insurance premium you had to pay.
If the ever-increasing cost of medical care was reflected in the quality of the care you were getting - that is, if you were paying more to get better care - maybe this would make some sense, but, as we saw in the coronary bypass example, there is little or no correlation between what you pay and what you get.
So how do we get out of this mess?
A big part of the answer is price transparency - something almost every American wants. Even in our era of political polarization, almost 9 out of 10 Americans say they favor price transparency for medical services.
Makes sense.
Markets only work when consumers have the proper information to make purchasing decisions. And the two most important pieces of information are the price and the quality of a good or service. As it relates to health care, Americans don't have access to either of those.
For the complete script visit www.prageru.com/video/price-transparency-how-to-fix-healthcare

Сэтгэгдлүүд
Rino PW
Rino PW 9 цагийн өмнө
Why can't someone just make an app to show and compare prices in all those hospitals so consumers can find the cheapest medical treatment, that would fix the problem wouldn't it?
Parasitic Angel
Parasitic Angel 2 өдрийн өмнө
It already happened! Jan 1 2021: Price transparency rule goes into effect.
Fearnochange
Fearnochange 3 өдрийн өмнө
So PragerU made a blunder with this one. They admit to corruption in medicine between the insurance company and medicine. They state that price transparency would fix all of the problem because 60 percent of medical help can be done through bargain shopping. There is so many issues with that. 40 percent of that, (based on the statistic) are unplanned. This means any form of medical help or ER surgery would continue to be exploited because you cannot competitive shop when getting rushed to a hospital. So, maybe you may see a reduction in price with... let’s say... diabetes medication but examples like car accidents or shooting situations would continue to be exploited if not worse. We would still see a significant abuse of citizens that are rushed to the hospital in an emergency. If anything the hospitals would be incentivized to raise the cost of ER to make up for the loss in price. Government aid would be the only option in this circumstance. They are also forgetting the Areas in America with limited hospitals. Some parts of America do not have the option of bargain shopping if that was possible.
mickvk
mickvk 5 өдрийн өмнө
Bravo. First party to the transaction, like LASIK is exactly right. Thank you for providing solutions and not just talking about the problems.
CyborgNinja7
CyborgNinja7 6 өдрийн өмнө
Why don't private healthcare organizations already provide their prices upfront? My point is, the government may have to become involved if they won't willingly provide this information.
Greg Hearn
Greg Hearn 6 өдрийн өмнө
When will you guys be seen on Rumble?
Black AsPitch
Black AsPitch 6 өдрийн өмнө
everything the government runs is run terribly. imagine if I told you the same people who run the dmv want to run healthcare. what would your answer be?
TheWinged Hussar
TheWinged Hussar 7 өдрийн өмнө
LOL an yet, when reform is discussed, PragerU goes and says, "OH NO Its Communism.." HOW is this channel still up and running and WHY THE HELL am i getting it in ads.
Alfonso Ramirez Elorriaga
Alfonso Ramirez Elorriaga 8 өдрийн өмнө
With such a bright way to explain this problem and present a solution to it, both sides of the political spectrum should join.
ubayd kasXm
ubayd kasXm 11 өдрийн өмнө
Government intervention (regulation) is necessary to prevent monopolies from destroying the free market. The reason why free-market health is not working right now in my opinion is that the pharma industry is monopolized and setting the prices unbelievably high.
George G
George G 11 өдрийн өмнө
The only way to fix this is universal healthcare!
Radiofloyd 235
Radiofloyd 235 12 өдрийн өмнө
Tfw being alive is a market...
Vraisairs
Vraisairs 12 өдрийн өмнө
Rich people should not get better healthcare. That's the problem with price being tied to care
Radiofloyd 235
Radiofloyd 235 12 өдрийн өмнө
Yeah, that's what I call missing the point completely, while still identifying the issues almost properly.
One8Hundred1
One8Hundred1 13 өдрийн өмнө
I can see sparks shooting out of some Hospital administrators ears right now.
Prince Nightblade
Prince Nightblade 13 өдрийн өмнө
*laughs in Canadian*
Anon Nymous
Anon Nymous 15 өдрийн өмнө
How you fix healthcare is by no longer being the only "first world" country without universal healthcare. You make prices fixed and don't allow insurance companies to get subsidies and premiums to artificially inflate profits that don't care about healthcare. Medicine has become about profit over the health of the patient. Procedures are denied because the price of recovery is greater than making a profit.
Ludovico Barcellona
Ludovico Barcellona 15 өдрийн өмнө
There's only one solution, tax-payed healthcare like in Europe
BronzeBart
BronzeBart 17 өдрийн өмнө
Price transparency is a start. But stop treating medical healthcare as a shopping tour! It's not. The next step is to socialize the healthcare system.
Delp Perez
Delp Perez 17 өдрийн өмнө
Yeah, right, again the genial idea of right wing conservatives: "leave it all to the market (in this case a.k.a price transparency) and everything will be fixed miraculously". But isn't that already the case?? Don't insurance companies already know the prices and chose the hospitals and doctors where you have to go to? Price transparency for PragerU means leaving it all to the market... which in the end is actually keeping things the way they already are.
Storytelling by Noblesse
Storytelling by Noblesse 18 өдрийн өмнө
mnpost.info/zone/rNrWp82lgaR5hnI/video
Tom Barry
Tom Barry 19 өдрийн өмнө
I’m all for price transparency, but it dubious to suggest that it would change the overall costs, if you get every one of the 40% shoppable services competitive, the system will increase the 60% that isn’t to make up the difference.
Faceless Mask
Faceless Mask 19 өдрийн өмнө
Simple, stop capitalizing on healthcare and lower the prices to an acceptable rate.
Faceless Mask
Faceless Mask Өдрийн өмнө
@Some Edgy Account Well, the former is also viable, Teddy Roosevelt fractured the big oil companies into today’s oil companies, and The Trump Administration had no problem rolling back environmental regulations. Also you can thank Alexander Hamilton, Thomas Jefferson, and the generations of people who elect officials that aren’t unbiased about their political stance. Should have followed George Washington’s farewell address "However [political parties] may now and then answer popular ends, they are likely in the course of time and things, to become potent engines, by which cunning, ambitious, and unprincipled men will be enabled to subvert the power of the people and to usurp for themselves the reins of government, destroying afterwards the very engines which have lifted them to unjust dominion."
Some Edgy Account
Some Edgy Account Өдрийн өмнө
@Faceless Mask stop the government from picking winners and losers* Stop having so many regulations that it’s impossible to get a decent healthcare plan* See so simple
Faceless Mask
Faceless Mask Өдрийн өмнө
@Some Edgy Account Fracture the companies responsible for monopolizing healthcare and remove unnecessary regulation, see so simple.
Some Edgy Account
Some Edgy Account Өдрийн өмнө
But the government regulation and monopolies are what make that impossible
God’s Remnant
God’s Remnant 19 өдрийн өмнө
Thanks Obama. -America
Marc
Marc 20 өдрийн өмнө
No the solution is a government run healthcare system like every other 1st world countries on this planet
Studebaker Hock
Studebaker Hock 20 өдрийн өмнө
i love how prager actually accurately describes the problem for once but of course their solution is exactly backwards. single payer very clearly resolves these issues
Robert Ramsey
Robert Ramsey 21 өдрийн өмнө
Government needs to stay out of it period. They ruin everything they touch because of greed and back scratching so someone that doesnt deserve it makes truck loads of money illegally. Too many back room deals.
Mohammed Idrees
Mohammed Idrees 22 өдрийн өмнө
A great book on this topic is 'An American Sickness' by Elisabeth Rosenthal. Great video. Great animation as well.
Burton K Richard
Burton K Richard 22 өдрийн өмнө
Wow a Prager U video that isn’t filled with lies. The easier way to fix bloated costs and have price transparency is forcing the bill onto the government. There’s no way they are gonna pay $500,000 for a heart surgery if another provider sells it for $50,000
mr. bob billy
mr. bob billy 22 өдрийн өмнө
Until the free market bull shit this is literally a sponsorship of public healthcare and socialism
Reel Tech
Reel Tech 22 өдрийн өмнө
We have a gentleman in our community. Who had spent a significant amount of time waiting for an MRI. And 2 days before he was scheduled for his MRI. There was a 100 car pile-up on the expressway. And because the automobile insurance companies were paying to put those accident victims at the head of the line. They pushed his MRI back for another six weeks, while they processed the 30 car accident victims, who were pushed ahead of him. He was so pissed at Spectrum Hospital. He went and bought his own MRI machine. Hired his own technician. And now offers walk-in MRI's. He does not work with the insurance companies or Spectrum Health, at all. I am a former health insurance licensed producer in two states. I have first-hand knowledge of how the insurance industry actually works. And I can tell you who the worst person in the world to buy insurance from, is your human resources department. Just because your employer offers insurance doesn't mean it's good insurance. And the best way to tell whether or not you actually have good insurance or not. Is to take a look at the exclusionary section in your contract. This is the portion of the contract that tells you what they don't pay for. We often refer to this exclusionary section... As the first 200 pages. If the first 200 pages of that contract are telling you what they're not going to pay for it. What exactly is it they are going to pay for? And exactly where do you find that in that contract? What page of the Yellow Pages thickness contract, is the detailed outline of what it is, they are actually paying for? Exactly how much is your peace of mind worth in an annual premium for a family of four? And what exactly, would that same annual premium look like, in your bank account? How long do you think it would take, of that money in your bank account, before you are fully self-insured? Because yes... In this country you can self insure. For all of you who are going to use insurance to have babies. That is a horrible idea. Mathematically it doesn't equate, when you have nine months of extra premium before you're pregnant. 9 months of extra premium, while you're pregnant. And then nine months of extra premium, after the baby is born. Most hospitals have prenatal programs dad are much easier to afford then using insurance to pay for childbirth. And, you will get more out of your dollar, out of the hospital, then you will the insurance company. And the Beautiful part is... Most of them don't start charging you, until you're actually pregnant. Like Good Samaritan for example. I've helped many young families, set up pre and post-natal services for those young families. To help them get started out in life, without having to break their Bank. because I got tired of telling young couples, that I couldn't help them with insurance. Because they were already pregnant. now if you're looking to set some money away specifically for your health care costs in the future. There's always an annuity. Don't talk to your financial advisor About annuities. Annuities are designed for the healthcare industry. Not the financial advisor industry. They don't like annuities. Because they have to have a health insurance producers license to sell them. But there are millions of people who have plenty of money set aside for their health care costs through variable annuities. for detailed and accurate information on insurance. and affordable insurance rates, that you can actually afford. Call your local United American Insurance agent.
NISCHAL TIWARI
NISCHAL TIWARI 23 өдрийн өмнө
Get rid of insurance, let hospitals compete for services.
khfan4life365
khfan4life365 23 өдрийн өмнө
Two words: free market. Free markets, not bureaucrats or government entities, should decide the prices for medication. When government meddles into any business (roads, motor, healthcare), it results in subpar performance and bigger prices.
Eric
Eric 24 өдрийн өмнө
Those who want to socialize medicine won't care about any of this. They'll say "LASIK and MRI and plastic surgery are NOTHING like life-saving procedures" and "medicine shouldn't be for profit!" and other emotional opinions that lack basis in fact.
Mohsen Ghodsi
Mohsen Ghodsi 24 өдрийн өмнө
Is prageru really shifting to the left or is it me?
Elio Brinja
Elio Brinja 24 өдрийн өмнө
Its like if u make hospitals as buissnes thay main goal is not to heal but to make money
wem977
wem977 25 өдрийн өмнө
Its interesting America has much higher prices for medical treatment than in others country's and have also less health care. Im from Switzerland for us it would be insane not to have an insurance. We dont have people co to an hospital and have to think about do i have enough mony for that no you pay your insurance and some preceentet until a maximum is reached and thats it.
Agent Smith
Agent Smith 25 өдрийн өмнө
Last time I went to a hospital for surgery, I staid there for three weeks. It cost me 0. I walked in, and walked out. No paperwork, no bills. I live in Norway and we have universal healthcare. I feel sorry for Americans who have to live with this chaos 😖
Radiofloyd 235
Radiofloyd 235 12 өдрийн өмнө
But no, the solution is definitely to make your own survival as a human being into a market/s.
Aidan
Aidan 25 өдрийн өмнө
Buncha dummies at prageru
Blalack77
Blalack77 26 өдрийн өмнө
This makes way too much sense, is too simple and would probably be too effective - you can rest assured the Democrats will fight it tooth and nail.
J Dawg
J Dawg 26 өдрийн өмнө
It doesn’t matter if you know the price. Healthcare is an example of a market failure. Where you need it you will pay whatever price is asked for.
KGK Skull
KGK Skull 26 өдрийн өмнө
WHAT IS MESSED UP IS THAT THIS SHIT SHOW OF A CHANNEL MAKES MONEY OFF OF FORCING PEOPLE INTO POLITICAL FIGHTS.
Sabavoon Fazli
Sabavoon Fazli 27 өдрийн өмнө
That is why we need medicare for all!
mrfreaky123
mrfreaky123 Өдрийн өмнө
@007kingifrit you're saying that as if doctors don't get paid under a universal healthcare system
007kingifrit
007kingifrit 27 өдрийн өмнө
that's not going to work, it gets rid of the motivation for profit which sounds good at first but in reality doctors have no incentive to do well
Paul de Zboev
Paul de Zboev 27 өдрийн өмнө
Answer: make the health-care freaking public
Jan Lay
Jan Lay 11 өдрийн өмнө
@Paul de Zboev Wow you seem like you really don't like the US
Paul de Zboev
Paul de Zboev 11 өдрийн өмнө
@Jan Lay destroyed by western imperialist superpowers I guess. It's a shame that USSR took all the damage in WWII, and the USA just made a lot of money out of people's sufferings (just like in WWI) that eventually let them win in Cold war
Jan Lay
Jan Lay 11 өдрийн өмнө
@Paul de Zboev where’s the USSR now 😂
Paul de Zboev
Paul de Zboev 26 өдрийн өмнө
@007kingifrit and modern Russian government is trying to make health-care private, but it only gets worse. You know, some things work good only on paper, Like market economy.
Paul de Zboev
Paul de Zboev 26 өдрийн өмнө
@007kingifrit it worked perfectly in USSR
Wali Hassan Khan
Wali Hassan Khan 27 өдрийн өмнө
let the big tech handle health care
NickTheGreatAndPowerful
NickTheGreatAndPowerful 27 өдрийн өмнө
Right, because telling people up front that saving their lives will bankrupt them will solve EVERYTHING.
007kingifrit
007kingifrit 27 өдрийн өмнө
that's not what they're saying, listing prices ONLINE for everyone to see BEFORE they need them will create watchdog groups that will instantly create market pressure lowering prices
Jay Kline
Jay Kline 28 өдрийн өмнө
Prager U thinks slavery is good.
Jay Kline
Jay Kline 27 өдрийн өмнө
@007kingifrit They make it pretty clear in their Robert E. Lee Statues video. Robert E. Lee is a traitor to the United States of America. We don't build statues for traitors... or losers.
007kingifrit
007kingifrit 27 өдрийн өмнө
where do they say that?
kdbublitz88
kdbublitz88 28 өдрийн өмнө
I watched a video a while ago of a movement of doctors that are getting away from insurance and losing prices of procedures in their practice. I think it is very small, but it is starting to happen.
Brain Interactive
Brain Interactive 29 өдрийн өмнө
The book "The Price We Pay" by Doctor Marty Makary MD is a great read about costs of American healthcare
MultiPoseur
MultiPoseur 29 өдрийн өмнө
Most people end up in the hospital through the emergency room. Not like they can show you a price menu and you approve or deny treatment. Also, "price transparency" will certainly cause people to forgo care entirely. If someone told me I needed a 45,000 treatment, I would request euthanasia. We need help paying for it. I there were no insurance companies in the way, things would cost 1/3 to 1/4 as much as they do. Insurance is "in the way", not "the government".
B G
B G Сарын өмнө
Yes yes yes
Melting Ice
Melting Ice Сарын өмнө
As someone from a third world country, this surprises me that there are no price transparencies in American medical/ healthcare system. Where I'm from everything is listed as it is. They would even tell you how much would it cost for a brain surgery after an aneurysm or how much would a private room would cost if you want to be admitted and everything else is the patient's or guardian's choice.
Nathan Petryk
Nathan Petryk Сарын өмнө
You know what would be a really easy transparent cost for healthcare? $0
Wayne Sullivant
Wayne Sullivant 29 өдрийн өмнө
So the doctors work for free?
Sean Fatzinger
Sean Fatzinger Сарын өмнө
I dont think this alone with fix the issue, but its a start.
Koda
Koda Сарын өмнө
Know what would be better? Free healthcare. You could get all these procedures for free and on average spend less in taxes then you would have in healthcare.
I Run With Sharp Objects
I Run With Sharp Objects Сарын өмнө
I can see this working to some extent, but what is the proposal for emergency healthcare? If I am having a heart attack, I do not have time to call around to find out the price for treatment. I need to get to the ER immediately.
Jan Lay
Jan Lay 11 өдрийн өмнө
Well in theory I guess the expensive treatment would be rooted out so you wouldn’t have to worry about which ER you’re going to if you have a heart attack. I’m just speculating, could be very wrong.
liamout
liamout Сарын өмнө
what difference does knowing the price make when you're still without a choice in paying for it (the other option being of course, perish.)
007kingifrit
007kingifrit 26 өдрийн өмнө
as the video told you 60% of healthcare is elective surgery. you can shop around
Joey S.
Joey S. Сарын өмнө
careful now, affordable healthcare makes you sound like a democrat that gives a damn about people. folks gonna call you snowflake
Cole Larkin
Cole Larkin Сарын өмнө
hmmm yes the way to fix all of health care is say you pay 40,000 before the surgery then after im very smart by the way and it cant be the idea of maybe using tax dollars to drive down the price of all health care under a government issuance, no thats not possible that means we will have 10-15% less military spending now idk about you but id rather pay 40,000 to live as long as we get to kill and bomb random people in the middle east in the name of freedom every day rather then not going bankrupt to live and no middle east bombings or killings so check mate liberals
Cole Larkin
Cole Larkin Сарын өмнө
price transparency is just a band aid on a massive wound this isnt what will fix health care
MrRandomstuff16
MrRandomstuff16 Сарын өмнө
Wow what a great argument for free healthcare
007kingifrit
007kingifrit 26 өдрийн өмнө
only a child thinks anything can be free. no such thing as free healthcare
Johannes Dalseg
Johannes Dalseg Сарын өмнө
Capitalists when capitalism doesn't work "Just add capitalism"
Johannes Dalseg
Johannes Dalseg 27 өдрийн өмнө
@007kingifrit what do you mean "government makes prices skyrocket"?! Things are expensive because free market allows sellers to put prices super high. The problem is Government, it's THIS goverment. Price transparency is good, yes, but it's a very half-assed measure to fix something so inherently broken. The American government just does whatever the rich people tell it to. So, who's rich? The people who set their prices high. If the government stopped kissing ass so much to the rich and their lobbyists, we'd be left with a much better country. Anyways, F the republican party :)
Less Cringey Mapper Dude
Less Cringey Mapper Dude 27 өдрийн өмнө
@007kingifrit no its cuz of patent abuse
007kingifrit
007kingifrit 27 өдрийн өмнө
@Manju Shettar actually free market entrepreneurs has never messed anything up. your healthcare was screwed up by the government getting involved to begin with government makes prices skyrocket
007kingifrit
007kingifrit 27 өдрийн өмнө
actually i think this video has the right idea. transparency is the real issue here. same with cost of college
Less Cringey Mapper Dude
Less Cringey Mapper Dude 28 өдрийн өмнө
@Manju Shettar in a capitalist society , ppl will buy anything
Pol Barba
Pol Barba Сарын өмнө
Wow, imagine having to pay for every medical intervention you need and letting the corporation's decide the cost. I love living in Europe and having a public healthcare system that allows us to pay exactly the cost of the interventions trough taxes. Your country really sucks
gooble69
gooble69 14 өдрийн өмнө
@Payne in the Ass Of course! The government is always better at spending your money than you are 😂
Pol Barba
Pol Barba 17 өдрийн өмнө
@Payne in the Ass yes, overall in places like Europe, Australia and Canada, people are very satisfied with paying taxes to get their medical needs covered by their goverment, at least according to the polls. Paying for a service you won't use by taxes is still better than not being able to pay for an accident or a medical condition that you couldn't expect. And paying for the services of others is not different to paying a firefighter force if your house isn't going to burn but your neighbor's is. The USA system works poorly, too many people can't get basic healthcare and it affects specially poor people. It's time for u to evolve, get your mouth out of the millionaires butt's, develop some empathy, the rest of the developed world is waiting for you, I'm sure you will be able to do it... if you don't burn your own democracy first.
Payne in the Ass
Payne in the Ass 17 өдрийн өмнө
So i should be forced to pay taxes, in order to receive a service that i might not want, and extorted in giving my money to someone i might not want to help? Free market healthcare in the honest way, and right now USA's Healthcare System is not a free market one.
gooble69
gooble69 21 өдрийн өмнө
@Pol Barba I think you buy into too much of the stories you hear on the Internet. Real life is a little more complex than that.
Pol Barba
Pol Barba 22 өдрийн өмнө
@gooble69 well, then, USA, thanks for researching new medicine that our poor people will be able to get while yours are finding themselves in profund debt due to being diabetic, having cancer or getting in a car accident. I don't doubt America has one of the best healthcare in the world, too bad that the majority of its population can't afford it. I'm not advocating for socialism, I'm not advocating for destroying private healthcare. I'm just saying, they should get themselves a good national healthcare program like the rest of the first world, the hardworking people of their country is getting choked by some very Wealthy people (some of them with enough money to finance right wing think tanks), they deserve better, specially those who work harder but are miserably payed.
Owen Robinson
Owen Robinson Сарын өмнө
Man universal healthcare sounds great
007kingifrit
007kingifrit 27 өдрийн өмнө
universal healthcare raises taxes, lowers doctor wages driving them to other professions, and increases wait times its not great
Wayne Sullivant
Wayne Sullivant 29 өдрийн өмнө
I’m Canadian, and it doesn’t.
Sentionaut
Sentionaut Сарын өмнө
A little personal, but I had a simple surgery done 6 months ago to remove a cyst and they charged me 11 grand. You guys are going to be seeing me in the news! 😉
Rude Dude
Rude Dude Сарын өмнө
Broken leg (simple fracture) = one X-ray image (time maybe 15min?) + one cast (time around 30min?) + a bottle of pills for pain...how much in material and doctor's wages could it be altogether? a couple of hundred dollars, right? Round it up plus some decent revenue for the hospital, so let's say 1000 dollars, right? So why the fcuk do they charge you 10-20.000 dollars for that? Where does the money go? Where? Please somebody tell me what is wrong with this math here..
Markus Müller
Markus Müller Сарын өмнө
Suggestion: 90% of costs are state insured. Each patient has to pay 10% out of pocket. If the patient so wishes, he can eliminate the co-payment with an optional additional insurance. As long as patients ignore the cost, it will skyrocket mnpost.info/one/PL7tB6qL0r-AZSY44AWxRhnKCP3D1_KZee.html
Ken Dreamer
Ken Dreamer Сарын өмнө
You're paying for my talents and skills as a surgeon. If you want some talentless twit go to that dude for your surgery.
007kingifrit
007kingifrit 27 өдрийн өмнө
i don't think most of the money goes to the surgeons, the insurance companies are riding your ass as well
zeake13
zeake13 Сарын өмнө
It's the game hospitals and insurance play. It is awful and something does need to be done. They will release their price list but it is too large and complicated to figure out and they know that and do it on purpose. Read the price we pay by Marty Makary.
XxTheCoon3xX
XxTheCoon3xX Сарын өмнө
Idk that sounds like government regulation to me
007kingifrit
007kingifrit 27 өдрийн өмнө
it might be regulation in a sense, its forcing companies to do something. but that's fine
Anj A
Anj A Сарын өмнө
1. You dont know what services you are going to get or need. Thats why healthcare varies. You may need a prescription or an overnight stay. 2. You can't charge Oklahoma prices in Los Angeles because cost of living is different
Isaac
Isaac Сарын өмнө
The free market doesn’t really work with healthcare. It’s more that healthcare is run by strict rules and licensing. The reason healthcare sucks is the free market in pharmaceutical companies, middle men in hospitals, and blood sucking insurance companies. There’s no good way around it, it should be nationalized.
last days of sanity
last days of sanity Сарын өмнө
Let's see how Price transparency works in an emergency. You're unconscious. From a car accident. Do you really have the ability to check the price?
KingJoJustJoking
KingJoJustJoking Сарын өмнө
Anyone reading this: It is your duty to show up January 6th in DC. Trump has called us to come so WE MUST COME!
Matthew Klepadlo
Matthew Klepadlo Сарын өмнө
I think this video helps to explain why people base their healthcare arguments off of their anecdotes. They believe their personal experiences to be representative of the whole system, when that couldn’t be further from the truth. There is a huge amount of variation, so that’s why some people with bad experiences want socialist healthcare… And those with much different experiences (especially Canadians traveling the border) want capitalist healthcare. So what do we need? Data, evidence, research. No more anecdotes. That includes you, PragerU. You make great videos (in my more or less factual opinion) but the one you made with the French Canadian that had a bunch of anecdotes? Not your strongest video.
S.A.
S.A. Сарын өмнө
I would propose expanding the powers of anti-trust laws. Look at stopping companies consolidating as much as they do. The only real reason companies consolidate is to raise prices, but they have a whole language of business speak to camouflage that. The business media picks it up and spreads it like gospel. I bet it's a problem in a lot of industries and it increases the cost on other American businesses vis-a-vis their foreign competitors.
Avery Whitaker
Avery Whitaker Сарын өмнө
At first I thought this was the first good video I've ever seen on this channel, but then you just had to go with the anti government control angle. No hospital would be transparent with its prices without government intervention making sure they do, but at least the goal of this video is good this time
IceCreamJunkie
IceCreamJunkie Сарын өмнө
*Bernie Sanders has left the chat.* But in all seriousness, this is one of the most important steps in fixing the increasing costs of healthcare in the United States. Europeans and liberal socialists want you to think that profit means lesser quality of care and more expensive care. This shows you can do both and achieve better healthcare for the U.S. Which is good considering we already have the best care, just not the best system.
Kyle Hollman
Kyle Hollman Сарын өмнө
We are in this mess because our system is mostly third party payer. Your employer pays another company for your insurance. You don't get to shop around for the insurance that meets your needs. You do not get to shop around for the health services that balance your need with pricing. Someone else makes those decisions, even before Obamacare.
David Daniels
David Daniels Сарын өмнө
When my sister was diagnosed with cancer, she shopped around. She didn't have health insurance and was paying out of pocket. She saved at least 60% by doing so. It was still expensive, but she beat the cancer and paid the bill.
Swizh GG
Swizh GG Сарын өмнө
It would be a lot easier for the price to be a solid $0.00
Swizh GG
Swizh GG 26 өдрийн өмнө
@007kingifrit Well feel free to tell me about these terribly high amounts that I am too young to understand old wise one
007kingifrit
007kingifrit 27 өдрийн өмнө
actually there is no such thing as free. it would cost terribly high amounts in other ways that you are presumably too young to understand
nazer9
nazer9 Сарын өмнө
The supply demand curve breaks down when your alternate option is dying or getting so sick you lose your livelihood. Sure, specific elective surgeries that aren’t meant to treat an illness or condition can work with supply demand, but Id need a source about that 60% figure before I believe it. Exams and check-ups are a part of essential care and is tied to the life and death involved in healthcare, so supply and demand beaks down there as well. The sooner you catch something the easier and cheaper it is to treat it. it overall would cost less if essential healthcare was free at the point of sale because we cut out the middle man completely and people wont wait until the last minute to see a doctor because of the current cost. thats even before we crackdown on the obvious extortion practiced by hospitals and drug companies. Our current system costs more and its disgraceful that the richest most powerful country in the history of the planet cant provide such a basic, essential service like healthcare to everyone. If we truly are exceptional, we would be fighting for the right of every American to live a dignified life. Not making videos that misrepresent reality, cite no sources and have clear conflicts of interest when it comes to having millionaire/billionaire sponsors.
No Future Productions
No Future Productions Сарын өмнө
Interesting. Definitely makes sense.
Potato
Potato Сарын өмнө
Capitalism can only fix healthcare
Potato
Potato Сарын өмнө
@Fredrick Mozart umm no
Fredrick Mozart
Fredrick Mozart Сарын өмнө
Yep, that is all Capitalism can do, fix healthcare. It is an otherwise useless ideology.
Cade Stachler
Cade Stachler Сарын өмнө
Set price regulation then. Capitalism won’t fix it
007kingifrit
007kingifrit 27 өдрийн өмнө
transparency is a form of price regulation
Dj perole
Dj perole Сарын өмнө
Laughs in European
shizuwolf Howlajima
shizuwolf Howlajima Сарын өмнө
How about we pay for healthcare the same way we pay for public schools, fire departments and other government programs?
Ian Prchlik
Ian Prchlik Сарын өмнө
They're sooooooo close lmaoo
Ian Prchlik
Ian Prchlik 25 өдрийн өмнө
@007kingifrit sure dude. whatever makes you sleep well at night
007kingifrit
007kingifrit 26 өдрийн өмнө
they have better ideas than you, not for profit systems don't work
conmancpens
conmancpens Сарын өмнө
Only good prageru video
conmancpens
conmancpens 26 өдрийн өмнө
@007kingifrit I used to watch their videos, extensively, and liked them. I don't need to open my mind to like prageru, i'd have to close it.
007kingifrit
007kingifrit 27 өдрийн өмнө
there are lots of good ones if you were more open minded you'd find them
lucus lopez
lucus lopez Сарын өмнө
So ur saying is Government should subsidize air travel. I love it.
Fitzboden
Fitzboden Сарын өмнө
Even with price transparency healthcare will continue to be expensive largely because healthcare is manual labor. Imagine if you took your car to be repaired and 5 mechanics worked on your car 24/7 for a week. Of course there are other reasons, government red tape, litigation insurance, pharmaceuticals, etc. if the government takes over actual costs will double or triple and will show up as increased taxation.
Aisling
Aisling Сарын өмнө
To the socialists: Just because I'm against free healthcare doesn't mean I like being screwed over by our current system.
shizuwolf Howlajima
shizuwolf Howlajima Сарын өмнө
@Aisling or make it where it’s paid for like the fire department or post office
Aisling
Aisling Сарын өмнө
@shizuwolf Howlajima Just cheaper and transparent healthcare. As well as other things like maximum prices for stuff like insulin so it's affordable.
shizuwolf Howlajima
shizuwolf Howlajima Сарын өмнө
What would you suggest?
Van Ford
Van Ford Сарын өмнө
25 states have decided to give the new covid vaccine to blacks, Hispanics and Native Americans during this first wave of injections and then give it to white people later. Could it be that the government is not as confident in this quickly thrown together vaccine as they are telling everyone?? Could it be that they have decided to try it out on brown skin people first before they give it to all the nice white people?? If this vaccine is as wonderful as they say it is shouldn't they give it to all of the front line medical workers, doctors, nurses, lab techs etc...first so they can stay healthy so they will be able to save the rest of us if we get sick? Something smells fishy here!!!!! I'm a 64 year old Republican white man from the state of Alabama and even my eyebrows went up when I heard of this little government plan. This sounds like something straight up out of Adolph Hitler's own personal playbook. This little government scheme tells me that I don't want this vaccine injected into me or any member of my family....at least not yet!!! I just have one thing to say to blacks, Hispanics and native Americans........RUN!!
Platonic
Platonic Сарын өмнө
This dude comes astronomically close to understanding that the fundamental problem with the US healthcare system is our system of privatized healthcare but essentially dodges the obvious solution by saying that somehow free-markets and 'entrepreneurs' will willingly reduce the cost of care, which essentially has inelastic demand, something that goes against basic economic intuition. This guy is a joke and the pandemic has shown us that anything short of a public healthcare system is insufficient to deal with the growing medical debt crisis.
Jon Wiebold
Jon Wiebold Сарын өмнө
The purpose of health insurance is to make sure the doctors and hospitals get paid, after the insurance company gets paid. I am a licensed healthcare professional. The insurance industry requires me to misrepresent myself in the course of servicing the patient, and requires me to accept their short shrift. We all need price transparency but we do not need price fixing. The free market economy can handle this problem.
scottyboy
scottyboy Сарын өмнө
what is this? PragerU agrees with crazy liberals like AOC and Bernie about something. dogs and cats living together! what is this world coming too!
007kingifrit
007kingifrit 27 өдрийн өмнө
they agree on the problem, not the solution
shizuwolf Howlajima
shizuwolf Howlajima Сарын өмнө
No idea he suggested is what either of those people want
electricprince98
electricprince98 Сарын өмнө
Thank God I live in Canada.
007kingifrit
007kingifrit 26 өдрийн өмнө
@electricprince98 you are obviously watching fake news. 91% of americans have healthcare and half of the other 9% don't need or want it
electricprince98
electricprince98 26 өдрийн өмнө
@007kingifrit Tell that to the millions of americans that live paycheck to paycheck and can't afford their own broken system. Try harder
007kingifrit
007kingifrit 27 өдрийн өмнө
your wait time is 10+ weeks longer than in america. and your doctors get paid the same amount regardless of how few patients they see. your quality of care sucks
chewface
chewface Сарын өмнө
The problem is that the average American is a hypochondriac. I get it: You and your spouse have wanted kids for years. Maybe it wasn't easy to have the kid. And now you finally do. You're a new parent. You love your kids so much. But that does NOT mean you need to rush them to the ER the moment they get the sniffles. People need to look into over-the-counter meds more often. Stop wasting doctors' times with petty check-ups. It's making all our premiums sky rocket!!!!
INAPPROPRIATE
INAPPROPRIATE Сарын өмнө
Please share this video with your friends and family.
Ayn Rand
Ayn Rand Сарын өмнө
Remember insurance companies put profit before people.
Ayn Rand
Ayn Rand Сарын өмнө
Many hard working ordinary Americans deserve better. You need UNIVERSAL HEALTHCARE FREE AT THE POINT OF USE. You Americans need UNIVERSAL Socialised Healthcare for every AMERICAN 🇺🇸. Indeed this is Socialism. Yeah yeah yeah yeah I have heard it all before it’s communism. NO it is not. So I’m a no good commie socialist lover of the red flag and of Marxist ideals 🙃. I’m actually a moderate conservative. Love from Britain we have our NHS (National Health Service) that is paid for through national insurance contributions (through tax from your income). The NHS is an incredible system. There is no private insurance companies profiting from the NHS. There is private insurance companies that offer health insurance in Britain but the point that I must emphasise. THERE IS EXPLOITATION. Every person regardless of gender, ethnicity, age, social group, nationality can receive FREE healthcare at the POINT OF USE. The NHS can be archived of your willing to fight for it. I know many genuine Americans do advocate free healthcare. Remember insurance companies put profit before people.
Eric Stamps
Eric Stamps Сарын өмнө
how does an insurance shitshow equal 'government being in the way'?
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