America 's A Hip Replacement Procedure

2264 Words10 Pages
In America a hip replacement procedure will run the average American $40,384. The next closest country, Australia, will charge only $27,810 for the same surgery. An MRI can cost an American up to $2,871 while in South Africa the same test will only run $1,072, and that is the second highest cost of the procedure in the world behind the United States. One single day in an American hospital can run up an average bill of $4,287 which is more than the next four closest countries (Australia $1,472; New Zealand $979; Chile $964; France $853) combined. Americans spend close to 17.6% of their total GDP on healthcare while the worldwide average is a measly 9.5%. As a modern nation and a leader in healthcare technologies and practices why are…show more content…
Hospitals also attempt to provide every available service to their patients, some say in an attempt to do everything they can as a medical professional, others as a way to squeeze every last penny from a sick individual and even others a means to ensure patients do not sue the hospital for not carrying out their duties to the fullest. The major problem with hospitals and how they relate to healthcare however is the fact that your local hospital basically runs a monopoly system. In an emergency an American does not have the luxury to shop around the area hospitals looking for the best price they can, they are rushed to the nearest emergency room and are subject to the costs of care given. Americans have no say on the price of procedures, operations and medicines because they cannot use a market system to hold hospitals accountable for their prices. Furthermore, hospitals like any other business may merge to consolidate their power and financial influence. For example, the 1993 merger between two eminent Harvard-affiliated hospitals, Massachusetts General Hospital and Brigham and Women’s Hospital created a city wide influence on healthcare costs. When the two most prestigious hospitals in the state pooled their resources and merged, insurers and by extension their patients, had incredibly fewer options inside the city to take their money to. This new massive healthcare corporation, Partners HealthCare, could
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