Inside the system that’s costing health care billions every year
It all begins with a political movement for national health in the 1970s. There are no “health systems,” just doctors and hospitals. Fee-for-service is determined by conventional principles of cost accounting, in which payment for services compensates for overhead and leaves enough profit to remain in practice and enjoy the American dream.
There are health insurance companies. The purpose of health insurance is to protect patients against medical expenses, not to …