Originally posted by: Athena
Umm, no...the most heavily advertised drugs are the more expensive ones. Mass market advertising has led to patients demanding things that are usually no more effective than much cheaper alternatives.
that's been a problem between name brands and patented drugs vs. generics forever. vioxx wasn't any more effective than advil. i should restate, iirc, within classes of similar patented drugs, the advertised ones cost less per course than the unadvertised due to economies of scale.
I personally don't comparison shop because I buy where my health plan sends me. Years ago, on other plans, I did shop around and discovered that it no retailer had a lock on being "the least expensive".
no, not the least expensive in all cases or by a wide margin, but they will flip back and forth on each drug and pricing, and often the price difference can be significant. there's a reason they can give you a ton of crap when transferring a prescription. and yet price shopping on prescriptions almost never happens.
Originally posted by: Athena
Is there some sort of crisis in availability in Maryland where hospital prices are fixed? Most countries with fixed prices have better primary care/patient ratios than here in the US.
Billing makes up 25% of current provider costs. If that were eliminated, or reduced to say 5%, payment rates could fall without any dimunition in net revenue for providers.
It's all connected...which makes it difficult to attack.
and every layer of ill-begotten regulation just ads more paper pushing with little improvement in medical outcomes. hipaa could have been better done by creating a private cause of action with specified damages and recovery of attorney's fees than the giant mess it has become. lawyers are under similar obligations about not disclosing client info and yet our compliance cost is ridiculously low in comparison.
and i'll bet the legislation under consideration does nothing intelligent to try to reduce paper pushing costs. nope, they're relying on 'bending the cost curve'