Time magazine has published an extensive and exhaustive look at why Americans are paying so much for health care. At 36 pages, it's the longest piece ever published in Time by one author. Steven Brill, a lawyer, journalist and former publisher of Brill's Content, is the author.
As in our series, Brill found huge markups on simple drugs like acetominophen and expensive cancer drugs like Rituximab. He writes about big nonprofit hospitals making huge profits, and hospital executives pulling down million dollar salaries. And he found that hospital acquisitions and consolidations have given them increased leverage and negotiating power over insurers. This results in higher prices paid to hospitals and higher insurance rates.
We're glad to see this issue get national attention from an accomplished journalist like Brill.