The WFEA Morning Update

Healthcare Expert Peter Pitts: What is the Actual Cause of the Massive Pricing Increase?
Healthcare Expert Peter Pitts: What is the Actual Cause of the Massive Pricing Increase?

“Healthcare in the United States is in a crisis of affordability and accountability. In 2023, Americans spent more than $1.5 trillion at hospitals—nearly one-third of total health expenditures. Hospital systems, especially nonprofit institutions, are the primary driver of healthcare cost inflation and systemic inefficiency.” — Peter Pitts, former FDA Associate Commissioner

One of the primary factors, if not the primary factor, in the massive price increases in our healthcare system comes from the entity that controls ‘pricing power’: hospitals.

One of the nation’s leading healthcare experts, Peter Pitts from the Center for Medicine in the Public Interest (CMPI), joins to discuss how Hospitals are the de facto price setters, why patients and taxpayers pay the price, and how macro drag affects hiring, wages, and investments.

Resource:  HospitalsSetThePrices.com

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