What has been the greatest contributor to high healthcare costs in the U.S.?
Weissman: The thing that raises healthcare costs in the United States above competitor nations more than anything is the massive administrative waste that’s due to a multi-payer private system. There’s also a huge amount of profit-taking by the insurance companies, by drug companies, and by for-profit hospitals and private equity. The thing that’s driving the growth is increasing use of technology and increasing profit extraction in particular sectors of the healthcare economy. 👉 Read the full feature on MedPage.