A new report in the Journal of the American Medical Association says what we believe about our healthcare system isn't true, reports the Atlantic. Top of mind --
People younger than 65 account for most medical spending -- 85 percent.
The increase in healthcare prices from 2000 and 2011 did not come from the aging population or greater need for medical services. It came from price increases in drugs, medical devices and hospitals.
The disease with the highest spending growth rate was hyperlipidemia, or high cholesterol and triglycerides.
Healthcare in the U.S. is not better just because it costs more. The southern U.S. has a lower life expectancy than other industrialized nations.
Although our government and private healthcare companies are spending more on information technoligies, IT has not been shown to make healthcare significantly more cost-efficient. For example, billing and administrative costs account for 13 percent of healthcare revenue in the U.S. compared with 6.6 percent in Canada.
Patients, doctors and insurance companies don't want the same things in a healthcare system. Patients want the best treatments available for their health. 'Doctors want independence and to be paid fully for their services. Insurers want to spend as little as possible on doctors and treatments. Read the story.