This HND piece examines the 500 pound gorilla in the health care "room"—Why does the U.S. pay substantially more than any other country in the world for healthcare, only to realize mediocre outcomes?
Some observers suggest that these findings prove that a for-profit healthcare system is a recipe for disaster. However, profit per se is not the problem. Cutting to the chase, all the incentives built into the healthcare system are completely bass-ackwards. You see, with our fee-for-service model—that even in itself puts a premium on procedural rather than cognitive medicine—we are incentivizing procedures, rather than outcomes.
Or to put it another way, there is no incentive to keep people healthy. Rather, all the incentives are geared to treat sick people. Meanwhile, the public is obsessed on how much they don't pay, rather than how much they are not sick.
Read the complete article.