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View Diary: Rules finalized for the good stuff in Obamacare (106 comments)

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  •  Rec'd for te TIME story. (2+ / 0-)
    Recommended by:
    alwaysquestion, Losty

    Bitter Pill: Why Medical Bills Are Killing Us

    I just finished reading it.

    The author's recommendations (after a long, comprehensive analysis of the problem):

    We should tighten antitrust laws related to hospitals to keep them from becoming so dominant in a region that insurance companies are helpless in negotiating prices with them.
    [W]e should tax hospital profits at 75% and have a tax surcharge on all nondoctor hospital salaries that exceed, say, $750,000. ...If we recouped 75% of all hospital profits (from nonprofit as well as for-profit institutions), that would save over $80 billion a year.
    We should outlaw the chargemaster. [W]hy not require that [bills] be rewritten to reflect a process that considers actual and thoroughly transparent costs?
    There's more. Amend patent laws to limit how drug companies can exploit the market.

    Enact medical malpractice reform.

    Allow Medicare to negotiate prices with drug companies, use comparative effectiveness research to set prices, and use competitive bidding for durable medical equipment.

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