Book : Overcharged Why Americans Pay Too Much For Health...

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Overcharged is just what the doctor ordered. Jeffrey S. Flier, MD, former dean, Harvard Medical SchoolWhy is the American health care system so dysfunctional and expensive? Why does the EpiPen, containing $1 worth of medicine, cost $600? Why do hospitalized patients receive bills laden with inflated and surprise charges that come out of the blue from out-of-network providers, or that demand payment for services that werent delivered? Why is more than $1 trillion one out of every three dollars that passes through the system lost to fraud, wasted on services that dont help patients, or misspent? What are the causes of spiraling costs, mediocre quality, and limited access?Overcharged details how the answers to these questions are connected and reveals a system that performs as if it had been designed to spend as much money as it can, and to be as confusing and unfriendly as possible, with no accountability. Overcharged then exhaustively details real reforms showing how health care can become more efficient and pro-consumer when it is subjected to the competitive forces that apply to the rest of the economy, and will only get better and cheaper when consumers exert pressure from below. Review As CEO of Whole Foods, which spent more than $250 million on health care for our team members last year, I thought I knew how inefficient health care was. Overcharged opened my eyes to how truly dysfunctional Americas health care system has become. This is not capitalism. Capitalism forces me to spend every day trying to provide greater value at a lower price. Silver and Hyman show that health care does not work that way not because health care is special, but because Americans have let government and insurers control our health care dollars, and more of the same will only make things worse. Change will come, but only when consumers control their health care dollars and begin exerting massive pressure from below. -- John Mackey, founder and CEO, Whole FoodsThe biggest threat to America’s prosperity, and even its solvency, is the mismatch between the amazingly and increasingly competent science of medicine and the amazingly and increasingly incompetent pricing and allocation of it. Now come Silver and Hyman to frighten us with the facts, and to point to ways the biggest player in the health care game-the government-can stop making matters worse. -- George F. Will, syndicated columnist for The Washington PostOvercharged is a detailed, useful, and timely diagnosis of what ails Americas health care system. -- Michael Hiltzik, Pulitzer Prize-winning business columnist, Los Angeles TimesRead this insightful book. . . . youll be better prepared to offer compassionate solutions to our systems cries of cost and value. -- Gregg Bloche, Georgetown University Law Center About the Author David A. Hyman is an adjunct scholar at the Cato Institute and the H. Ross and Helen Workman Chair in Law and Professor of Medicine at the University of Illinois, where he directs the Epstein Program in Health Law and Policy. Hyman has been a member of the American Law Institute since 2000 and serves on the editorial board of the American Journal of Law & Medicine.Charles Silver holds the Roy W. and Eugenia C. McDonald Endowed Chair in Civil Procedure at the School of Law at the University of Texas at Austin. He has published widely in law reviews and peer-reviewed journals.
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