Ep. 13 – Why is Healthcare SO Expensive?
In this episode, Larry, host of NextGen Healthcare Podcast, dives into why healthcare has become so expensive. We explore hidden costs, insurance industry practices, and actionable solutions, including alternative healthcare options, such as medical cost-sharing, and telehealth.
If you missed our last episode with Wayne Orchard of Lyric Health, be sure to check it out to understand the evolution of virtual healthcare!
Chapters:
00:26 – Introduction
01:23 – Why Healthcare Costs Are So High
02:32 – Transparency in Healthcare Pricing
03:29 – Healthcare Inflation Statistics
05:20 – Impact of the Affordable Care Act (ACA)
08:05 – The Hidden Costs of “Affordable” Insurance
10:48 – The Practice of Upcoding
14:23 – Insurance Administrative Costs
16:32 – Complexity of U.S. Healthcare Systems
17:47 – Skyrocketing Drug Prices
18:43 – Profit-Driven Hospitals (To be expanded in future episodes)
