Why is American Healthcare SO Expensive?
Did you know that two-thirds of all personal bankruptcies are due to medical bills?? A shocking study conducted by the Kaiser Family Foundation found that 1 Million Americans declare bankruptcy every year due to medical bills they cannot pay. In a country as wealthy as America, why is this happening? Why is American healthcare SO expensive?
America’s Government and Healthcare Industry in Bed Together
The relationship between the U.S. government and the American healthcare system reeks of corruption. In 2021 alone, health companies spent close to $690 Million lobbying congress, far more than any other industry. The majority of that was spent by the pharmaceutical industry — $390 Million. The reason for such generous “donations”? To prevent congress from setting price caps on their drugs. Politicians and lawmakers take these massive bribes while looking the other way so big pharma and other medical corporations can completely rob Americans blind.
Every time congress proposes reasonable price limits on life-saving drugs, the pharmaceutical companies throw money at congress until they acquiesce. Big pharma disgustingly argues that price caps will prevent life saving research and development! However, a 2021 report published by the House Committee on Oversight and Reform revealed that 14 pharmaceutical companies spent $56 billion MORE on stock buybacks and dividends than they did on research and development between 2016 and 2020. Does this sound like a patient-centered industry to you?
Hungry Health Insurance Companies
Want to know the difference between American health insurance companies and those in other developed countries? All other countries with organized healthcare systems have at least one form of non-profit insurance that can cover every citizen. These other countries realize that healthcare and profit don’t morally go together. Insurance companies are meant to protect patients from going broke in a medical emergency. American health insurance companies make patients go…