The overall cost of health care in the United States by any objective measure, is substantially more expensive than in other countries. It certainly eats up a way bigger share of our GDP than in comparable nations, such as Canada, but why? One reason is because the health care system is needlessly complex, with different systems for different populations and ailments. Another is that it’s for-profit: the 80 percent mandated MLR from PPACA that health agents hate so much is still another 20 cents off of every dollar not going to actual healthcare. In the end, the fact that our health care is a business and not a benefit, is perhaps its biggest reason for why it costs what it does.
HHS wants drugmakers to put the full list prices of drugs in their ads.
The bill could also bring Medicaid funding in other U.S. territories up to 50-states standards.
The regulations could also encourage employers to adopt private exchange programs.
Sponsored by Nuveen
The retirement market is evolving. Help your plan sponsor clients understand what’s next in defined contribution with the latest thinking in investments, participant engagement strategies and fiduciary perspectives.
Sponsored by Orion Advisor Services
Constructing tax-efficient SMA strategies used to be an expensive and time-intensive endeavor. Not anymore. Learn how to personalize client portfolios in minutes--and at a fraction of the cost of outsourcing to a third party.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.