Americans Face Climbing Health Costs

The video discusses the rising costs of health insurance premiums, which have increased by 22% in the past five years. Administrative costs, accounting for 15% to 30% of healthcare spending, are a significant factor. Doctors face challenges with insurance billing, reducing patient interaction time. The fee-for-service model incentivizes more tests and treatments, not patient outcomes. Insurers report high profits, while many Americans struggle with medical bills.

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