Video published date : December 28, 2024
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5 key reasons why the American healthcare system is so expensive:
1. Administrative Costs
The American healthcare system is notoriously complex, with multiple payers, providers, and middlemen. This complexity leads to high administrative costs, estimated to be around 25% of total healthcare spending. This includes costs associated with billing, insurance claims, and regulatory compliance.
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Chapters :
00:00 Administrative costs
00:42 High drug prices
01:00 Defensive medicine and malpractice insurance
01:22 Overreliance on special care
01:45 Lack of price transparency and competition
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