This has been in my stack for near 2.5 months now. The good Dr. Greens writes:
Wow. Really, really good Washington Post story about how there’s a $50 treatment for a serious eye disease that affects the elderly, but doctors regularly choose the $2000 treatment, bill Medicare, and we all pay. Ugh.
The story goes something like this:
Two equal treatments, one sells for $50 and the other for $2,000. Docs prescribe the more expensive one because they make more money.
And another great example of why health care is so much more expensive in the US than the rest of the world. Other countries simply don’t get lobbied into wasting money on Lucentis when Avastin will do the trick nor are their doctors financially rewarded for doing so.
Right – greed.
Wanna know how to fix it?
Expose the patient to the cost of the treatment.