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Odd Lots

Introducing Prognosis Season 4: America's Broken Health-Care Costs

Odd Lots

Bloomberg

Business, News, News Commentary, Investing, Business News

4.52K Ratings

🗓️ 9 January 2020

⏱️ 3 minutes

🧾️ Download transcript

Summary

Americans are paying more and getting less for their health care than ever before. On the new season of Prognosis, reporter John Tozzi explores what went wrong. 

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Transcript

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0:00.0

When you get your news from Bloomberg, you don't just get the story. You get the story behind the story.

0:07.0

How your Evie's battery may not be as green as it seems.

0:11.0

Why a decrease in global birth rates could send countries scrambling to increase immigration.

0:16.2

You get context.

0:17.6

And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg

0:24.6

dot com to get context.

0:29.4

American health care is the most expensive in the world.

0:34.0

Yet for all the money we put into it, Americans are sicker and die younger than people in other wealthy countries.

0:41.0

In every country, your life expectancy is going up

0:44.8

and every country they're spending more,

0:46.5

but per dollar, how much is life expectancy going up?

0:49.8

And in the US, it's a lot less

0:51.7

than in other countries.

0:54.0

I'm John Tazzie, a health care reporter at Bloomberg News.

0:57.1

On the new season of prognosis,

0:58.8

we look at how the American health care system got to this point

1:02.3

and how its hefty price tag forces people to make difficult decisions in their everyday lives.

1:07.4

We were looking to buy a house, so we had been saving up for a down payment and we were thinking like well one uncovered ER visit

1:17.1

could wipe out a significant chunk of what we have as a down payment for a house

1:21.6

We'll also look at what some people are trying to do to fix the system.

1:26.0

Patience didn't feel fulfilled, physicians didn't feel fulfilled, and then we got to a point where after they changed how we were

1:38.6

practicing and pushed more volume and so forth we just said we'd have enough.

...

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