Wednesday, August 5, 2009

Another Way to Make Health Care Cheaper

I have previously noted a way to make health care cheaper. Without ruining the entire system with a socialized version.

Another way to cut costs sharply would be to reduce the costs in providing medical care. Physicians and hospitals will tell you this could be done if they would be able to curtail defensive practices.

The accounting firm PricewaterhouseCoopers says that about 10% of medical cost owes to medical malpractice lawsuits. About 2% is caused by direct lawsuit costs.

Add to that about 5% to 9% , due to expenses because MDs have to practice defensive medicine. That is, they add tests in case a plaintiff asks them in court: Why didn’t you do this…??

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