If you found this interesting and want to learn more about how healthcare works without the jargon, sign up for our newsletter at https://www.sibihealth.com/ A Heroic Challenge: Driving Positive Change in the U.S. Healthcare System. Why is the U.S. healthcare system so expensive? The real reason American healthcare is so expensive, and what we can do to fix it. Originally Presented by Sibi Health in Philadelphia for Indy Hall’s monthly Show & Tell, May 2020. Follow Us on Instagram https://www.instagram.com/sibi.health/ Or On Facebook https://facebook.com/sibihealth/ Today, I'll share with you guys what I witnessed during my time working inside the healthcare industry, the realization I came to, and some ideas I’ve had since then about how to make it better. I want to start with a quick story. While I was living in New York City I didn’t have health insurance because I couldn’t afford my monthly premium payment. I still needed to get my annual checkup, so called around to try and find a good deal. After 10 different phone calls I finally found an office that said it would cost $100. So I booked it. 3 weeks later I checked my mailbox and found a bill for $400 for that one doctor appointment. I was SO FRUSTRATED I’d essentially written a blank check to the provider's office. I was so annoyed that I ended up waiting 6 months to pay my medical bill – I’m sure that frustrated the doctor's office, too, since they weren’t getting paid. It was a lose lose. I'm not alone -- 130 MILLION Americans pay out of their own pocket for healthcare each year. Unexpected, high cost surprise bills are the norm. The U.S. Health Care System is a huge mess, and I wanted to understand: WHY are healthcare costs are rising so fast? And what can we do to create a better EXPERIENCE for patients? I’d always heard that to really understand something, you need to “follow the money.” So that’s what I did.
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