Year after year in the United States, medical cost continues to rise. Shamefully, hospitals and group purchasing organizations (GPOs) continue to “make a financial kill” even as the country is emerging from a Pandemic that decimated the operations of other businesses, including practices of many physicians.
Hospital prices increased a whopping 42% from 2007 to 2014 for inpatient care compared with 6% for physicians. The cost of a hospital stay in the United States averaged $5,220 a day in 2015 — and could be as high as over $17,000 compared with $765 in Australia.
So far, Biden and the Democrats have given a free pass to the biggest culprit of runaway medical inflation: America’s hospitals.
While cost is of major concern, what is even more bothersome is the runaway medical errors inflation. In 1999, medical errors were estimated to result in around 99,000 preventable hospital deaths annually. In 2016, that estimate grew to 250-440,000 preventable deaths per year.
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