KEY TAKEAWAY: Drug prices, in 2014, were less than 10% of every health care dollar spent. While politicians and media writers, who only want to tap into popular subjects, continue to fan the flames of runaway drug pricing the real threats to healthcare spending are an aging population and a public that refuses to take responsibility for their own health. Continue reading
A survey finds that a majority of Americans have tried to find information about health care prices before getting care, including 21 percent who have compared prices across multiple providers. Most of those who have compared prices say they saved money. We also found that the majority of Americans do not believe higher-priced care is necessarily of better quality. And most say insurance companies should be required to make public how much they pay doctors for medical services.