This editorial will appear in Friday’s print edition.
A recent Time magazine article on the cost of health care points out that while the United States spends twice as much on health care per capita as most other developed countries, we have the same or worse outcomes. One reason is that we don’t understand what we’re buying, writes Steven Brill in “Bitter Pill: Why medical bills are killing us.”
Take this scenario, for instance. Facing surgery, you have a choice between two procedures: One has been done for years with a certain level of success while the other uses a high-tech robotic system and has much the same success rate.
The main difference, which consumers with good health insurance might never be aware of: The latter procedure can cost at least $2,000 more. Read more »