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Table of Contents
About The Book
Why 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 weren't 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 don't 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.
Product Details
- Publisher: Cato Institute (July 3, 2018)
- Length: 592 pages
- ISBN13: 9781944424763
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Raves and Reviews
The 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, Washington Post
"Overcharged" is a detailed, useful, and timely diagnosis of what ails America's health care system.
– Michael Hiltzik, Pulitzer Prize-winning business columnist, Los Angeles Times
Read this insightful book. . . . you'll be better prepared to offer compassionate solutions to our system's cries of cost and value.
– Gregg Bloche, Georgetown University Law Center
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 America's 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 Foods
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