Monday, February 25, 2013

Facts from "Bitter Pill," TIME's Blockbuster Cover Story

Percentage of the gross domestic product Americans spend on health care, nearly double that of most developed countries. In every measurable way, the results are no better and often worse.

Next 10 Biggest
Americans spend more on health care than Japan, Germany, France, China, the U.K., Italy, Canada, Brazil, Spain and Australia.

$60 Billion
Price tag for cleaning up after Hurricane Sandy and also U.S. weekly health care bill.

25% to 75%
Overcharge Medicare pays for durable medical devices like canes and wheelchairs as mandated by Congress.

Of New York's 18 largest private employers, eight are hospitals and four are banks.

Total compensation paid to Ronald DePinho in 2012. DePinho is President of MD Anderson, a medical center which is part of the University of Texas.

Total compensation paid to William Powers, Jr., in 2012. Powers is President of the entire University of Texas system.

The Bureau of Labor Statistics projects that half of the 20 fastest growing occupations in the U.S. by 2020 are related to health care.

$5.36 Billion
Amount spent on lobbying in Washington since 1998 by the pharmaceutical and health-care-product industries, combined with organizations representing doctors, hospitals, nursing homes, health services and HMOs.

$1.53 Billion
Amount spent on lobbying since 1998 by the defense and aerospace industries.

$1.3 Billion
Amounts spent over the same period by oil and gas interests.

$2.8 Trillion
Americans will spend this much on health care during 2013.

$750 Billion
Amount Americans would save if we spent the same per capita amount on health care as other developed nations.

$800 Billion
Medicare and Medicaid bill for 2013 which keeps rising faster than inflation and the gross domestic product and which drives the federal deficit.

10-to-15 a day
A typical piece of medical equipment will pay for itself in one year if it carries out this number of procedures a day.

7-to-10 years
The expected life span of medical equipment. Combine this fact with the one above and the result is medical tests become highly profitable.

Health care providers in the U.S. conduct this percentage more CT tests per capita than Germany.

$2.586 Billion
2012 revenue of the Montefiore Medical Center, a large nonprofit hospital in the Bronx.

Montefiore Medical Center's revenues is this times as large as the Bronx's most famous enterprise, the New York Yankees.

$4,065,000; $3,243,000; $2,220,000; and $1,798,000
Salaries paid to Monteifiore's CEO, CFO, Executive VP and head of the dental department, respectively.

Percentage of personal bankruptcy filings each year in the U.S. that are related to medical bills.

$2.5 million
Amount paid in 2012 to Marna Borgstrom, CEO of the Yale New Haven Health System.

$1.6 million
Amount paid to Yale University's president.

Average hospital profit on nonemergency outpatient care, which compares to only 2% for inpatient care.

$34 Million
Operating profit from most recent tax return (2011) of Oklahoma City unit of Sisters of Mercy hospital based revenues of $337 million after paying 10 executives more than $300,000 each including $784,000 to the regional president.

$319 Million
Operating profit of Mercy branch in Springfield, Missouri (pop. 160,660) on revenues of $880.7 million.

The actual percentage costs of charity care for the entire Mercy Health chain based on revenues of $4.28 billion.

$800 Million
Amount the four dominate manufactures in the hip-and-knee-replacement industry paid to 6,500 "physician consultants" from 2002 through 2006.

$70 Billion
Estimated amount Americans will spend on lab tests in 2013.

$25 Billion
Amount of over-ordering and overpricing in the above bill.

Doctors' urology groups with their own labs who bill Medicare analyze this many more prostate tissue samples per biopsy while detecting fewer cases of cancer than their counterparts who send specimens to outside labs.

Percentage of physician practices owned by hospitals in 2012, up from 22% 10 years before, primarily a move to increase the hospitals' leverage in negotiating medical bills with insurers.

As mandated by Congress, Medicare determines the price it pays for drugs by first determining the average market price of the drugs and adding this percentage. Congress prohibits Medicare from negotiating for better prices.

$20 Billion
Estimated amount Medicare will pay for cancer drugs in 2013, up from $11 billion in 2004, $3 billion in 1997.

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