Value-Based Payment Is the New For-Profit Health Care Industry

Over the last decade, a new industry has emerged that may eventually contribute as much to administrative waste as the insurance industry does today. This industry has no name. Because the participants in the industry all promote a new scheme known as “value-based payment,” and because they all make money off it, we propose to call the new industry the value-based payment (VBP) industry. Like the insurance industry, the VBP industry hovers over doctors and patients and seeks to influence (and in some cases, dictate) doctor-patient decision-making, and in the process diverts resources away from medical care. Unlike the insurance…

Capitalism Is Making Us Sick and Sucking Us Dry

“Framing health as a personal responsibility doesn’t work. And it’s one of the greatest tricks that capitalism has ever pulled,” says author and podcaster Beatrice Adler-Bolton. In this episode of “Movement Memos” Adler-Bolton and host Kelly Hayes discuss the extractive nature of the U.S. health care system, the dominance of COVID nihilism, and why we cannot give up on universal health care. Music by ​Son Monarcas and Silver Maple TRANSCRIPT Note: This a rush transcript and has been lightly edited for clarity. Copy may not be in its final form. Kelly Hayes: Welcome to “Movement Memos,” a Truthout podcast about…

Medicare for All Could Have Prevented 338,000 COVID Deaths in the US

A universal health care system could have saved more than 338,000 lives in the United States by preventing roughly one in three deaths resulting from the COVID-19 infections through March 2022, according to a new study. A single-payer health care system would also have saved the nation an estimated $105.6 billion in health care costs associated with COVID treatments and hospitalizations, leading the study’s authors to conclude that universal health care, often called “Medicare for All,” is both a moral and financial imperative for policymakers. Published this week in the Proceedings of the National Academy of Sciences USA, the study…

“Health Care Is a Human Right”: Sanders Schedules Hearing on Medicare for All

The Senate Budget Committee will hold a hearing on Thursday to examine the economic and social benefits of implementing Medicare for All to combat the current health care crisis, Chairman Sen. Bernie Sanders (I-Vermont) announced on Monday. The COVID pandemic, which has claimed over 1 million lives in the U.S. so far, has highlighted the inequities in the U.S. health care system — which were already vast before the pandemic, Sanders wrote in a press release. The senator’s plea, which he has been making for years, is a familiar one: now, more than ever, the U.S. must catch up to…

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