Implants are another hot topic for medical cost containment. They’re one of the biggest cost drivers in medical costs for workers’ compensation and auto. A group in California was just indicted for fraud with medical billing.The law in California allows for a $250 mark-up over the manufacturer’s invoice. This group was buying the implants, marking
More people are dying each year due to prescription drugs than cocaine and heroin combined. These non-illicit drugs are costing us more than $400 billion a year for healthcare, loss of job wages, traffic accidents, and criminal system costs. We no longer have a problem with prescription drugs, we have an epidemic, namely with pain
Prescription painkiller use is at an all time high in America. Eighty percent of the world’s opioid prescriptions are taken in the US, yet we make-up just 4.6 percent of the world’s population. That means we’re consuming 83 painkillers for every one pill the average person takes around the world. So it’s no surprise that a recent lead story on WorkCompWire centered on a
Here is another article about consumerism in healthcare. It discusses how people who cost the healthcare system more are going to be asked to pay more. I expect this way of thinking to become more common as the costs of healthcare rise and companies can no longer absorb the costs.