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

Recent Headlines

3 days ago in National, Trending

Pope Leo XIV has become the first pope in history to vote in a US general election

Pope Leo XIV has become the first pope to vote in a U.S. general election. The Vatican confirmed Friday that the Chicago-born pontiff had submitted a mail-in ballot in Chicago ahead of November's midterm elections, citing his long-standing belief in civic participation.

2 weeks ago in National

Facing a ban on horse-drawn carriages, Central Park’s drivers fear for their future

The horse-drawn carriages that have cruised through Central Park for more than 150 years will soon be banished from New York City, ending an iconic tradition beloved by tourists but long opposed by animal welfare activists.

2 weeks ago in National

Violent Arizona storms bring possible tornado, toppled trees and golf ball-size hail

Trees fell onto homes and utility poles were knocked down by a possible tornado in a central Arizona community during a series of violent storms that moved through the state overnight into Thursday.

2 weeks ago in National

The Orionid meteor shower is coming. Here’s how and when to watch

The Orionids — one of two major meteor showers caused by remnants from Halley's comet — will peak this week, though a large moon will dim visibility until after it sets late at night.

2 weeks ago in National

Georgia amusement park reopens as scheduled after roller coaster death

Six Flags Over Georgia opened its gates Friday evening for the first time since a man fell to his death from one of the amusement park's towering roller coasters.