A stunning indictment of the U.S. health-care system, in one chart
Americans are putting off medical treatment in record numbers because of cost, Gallup data shows
One quarter of American adults say they or a family member has put off treatment for a serious medical condition because of cost, according to
data released this week by Gallup. That number is the highest it’s been in nearly three decades of Gallup polling.
An additional 8 percent have made the same choice for less serious ailments, the survey showed. That means a collective 33 percent of those polled have prioritized financial considerations over their health, tying the high set in 2014.
There are many factors driving up the cost of care for most American families.
Administrative costs are a big part of the issue: Health insurance is largely a for-profit industry, meaning insurance companies and their shareholders are
reaping a percentage of your deductibles and co-pays as profit.
Many hospitals, too, are
raking in profits. In recent years,
surprise billing practices and
outrageous markups for simple drugs and services have drawn the
ire of lawmakers looking for ways to reduce health-care spending.
Physician pay is another significant expense. The Commonwealth Fund, a health-care research group,
estimates American doctors earn “nearly double the average salary” of doctors in other wealthy nations. The American Medical Association, a trade group representing doctors, has a
long history of opposing efforts to implement European-style single-payer health-care systems in the United States.
The American health-care system, in other words, works pretty well for the powerful players in the health-care industry. Hospitals and insurance companies are reaping significant profits. Doctors are earning high salaries. But what are the rest of us getting in return for our ever-growing co-pays and deductibles?