Show 1114: How Health Care Became Big Business (Archive)

The People's Pharmacy

Joe and Terry Graedon

Health & Fitness, Medicine, Kids & Family, Alternative Health

4.5 • 934 Ratings

🗓️ 4 July 2019

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

The American health care system is a $3 trillion mess. Although it has significant technological sophistication, this big business doesn’t seem consistently able to get appropriate treatments to the patients who need them. Millions of people have no insurance, or the insurance they have doesn’t cover the care they need. Increasing premiums and unexpected bills […]

Transcript

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0:00.0	Hi, I'm Joe Grady. I'm Terry Grady. Welcome to this podcast of the People's Pharmacy,
0:07.0	where we bring you the stories behind the health headlines.
0:10.0	This podcast is brought to you by Reddick's Industries makers of utterly smooth body cream.
0:16.0	800, 345, 7339 on the web at utter cream.com. Have you ever tried to make sense of a hospital bill.
0:25.0	Have you ever tried to make sense of a hospital bill?
0:34.0	Even doctors can have trouble figuring out what all those numbers mean.
0:38.0	This is the People's Pharmacy with Terry and Joe Grady.
0:43.0	Health care has become big business.
0:50.0	In 2016, health expenditures amounted to
0:55.4	more than three trillion dollars. That's far more per capita than any other
0:59.4	country in the world. What does that mean for the health care we receive?
1:03.6	Is our system sustainable? Why doesn't more competition result in lower prices?
1:09.6	Drugs for cancer can cost over $150,000.
1:13.8	Even with insurance co-pays can be unaffordable.
1:17.5	Coming up on the People's Pharmacy,
1:19.5	we talk with Dr Elizabeth Rosenthal
1:21.5	about how health care became big business.
1:25.0	First, this news.
1:27.0	In the People's Pharmacy Health Headlines, a randomized trial of calcium supplements has
1:36.0	revealed an unexpected complication.
1:39.2	Doctors have been recommending calcium pills both to strengthen bones and to lower the risk of
1:44.1	colorectal cancer. The new study of more than 2,000 Americans showed that people
	...

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