Health attainment, level, and distribution in all Member States
Disability-adjusted life expectancy at birth (years) Adjusted for years spent in disability. When compared to longevity, the chart is revealing. It indicates that the last ten years of life are not pleasant (on average) and also likely very expensive.
“Total health care spending in America was approximately $3.5-trillion in 2017, and about 32% of that amount — or $1.1-trillion — is spent on hospital services.”
Hospitals are an area where our costs are completely out of whack! I have no idea why we are so out of line with the other countries.
There are numerous documented examples of hospital financial abuse in this country. Overcharges for OTC medications, overprescribed testing, and phantom charges are among these examples. In the U.S. we pay more for hospital services than in all other countries. Do we receive superior care in exchange? Considering where we rank in terms of quality of care, it is doubtful.
This area cries out for some serious baselining. I have not been able to locate the cost of a hospital day for all of the baseline countries. But there is little doubt that they all have a lower per day cost than the U.S.
I am reprinting this chart to illustrate the issue. It contains the numbers for a couple of baseline countries, France and Spain.
The Largest drug-related class action settlement was in 2000
“Fen-Phen diet drugs $3.8 billion
In 2000, a federal judge in Philadelphia approved a $3.75 billion settlement over a diet drug known as fen-phen that had been associated with potentially fatal heart valve damage. Six million people reportedly used fen-phen, sold by American Home Products, before it was pulled from the market in 1997. The settlement provides up to $1.5 million to users, depending on their injuries and how long they used the drug.”
“News flash, just announced by far the largest settlement offer to date and this is for only one drug and one company involved in the Opioid Crisis: The maker of OxyContin, Purdue Pharma, and its owners, the Sackler family, are offering to settle more than 2,000 lawsuits against the company for $10 billion to $12 billion. The potential deal was part of confidential conversations and discussed by Purdue’s lawyers at a meeting in Cleveland last Tuesday, Aug. 20, (2019), according to two people familiar with the mediation.