Americans are not happy with our healthcare and its costs. PBMs, insurers, hospitals, and prescription drugs all take their toll on a for-profit healthcare system that focuses on the balance sheets, not patients. Despite this, Americans still refuse to make the sacrifices needed to prevent chronic healthcare problems. There are no easy answers, but finally, Congress is set to tackle the rising costs.
How much is enough? Moderna plans a 4,000% Markup for their Covid vaccine. This vaccine isn’t just Moderna’s; it was developed in collaboration with a government agency. “The sheer greed is obscene,” said PVA policy co-lead Julia Kosgei, who stressed that “billions of taxpayer dollars went into the development of mRNA vaccines.” Moderna’s vaccine would not exist without funding from U.S. taxpayers.
Healthcare in the US is broken because it’s too profitable. Corporate America understands that there is money to be made in healthcare, and they are squeezing the system to increase profits everywhere, from insurance to hospitals.
American healthcare is too profitable. It’s advantageous because Americans don’t take care of themselves and because there are too many companies between patients and doctors.
Under current law, national health spending is projected to grow at an average rate of 5.5 percent per year for 2018-27 and to reach nearly $6.0 trillion by 2027. However, given the poor health of Americans, I believe this projected spending is unrealistic.
Right now, voters are worried about inflation and rising fuel prices, but they ignore the imminent threats to their healthcare. American healthcare continues to be under assault, and unless we address these issues, a severe health issue could bankrupt families.
SUMMARY: Now that President Biden’s attempt to lower Medicare drug prices is dead, pharma can get back to business, and their business, of course, is making money. Using social media analytical tools, I was able to determine that there are a lot of outraged voters out there. Politics is broken and is too often about money, not what’s best for people.
SUMMARY: A new survey from the Kaiser Family Foundation and the Purchaser Business Group on Health shows signs that corporate executives might be warming to the idea of government getting more involved to rein in the excesses of the healthcare system. It’s affecting their bottom lines, and they won’t stand for that. Big changes are coming.