Americans spend a lot of money on healthcare. Healthcare spending in the United States has crossed $3.7 trillion, which is more than the entire economies of all but 4 countries. In addition to the cost of care itself, a major factor driving the high prices is the existing model of the healthcare payment system , which is called the fee-for-service model. The Problem With Fee-For-Service Model Under the fee-for-service model of payments, a provider gets paid for every single aspect of care. For example - when a man goes to a clinic for a consultation, he has prescribed some tests or sometimes might even be asked to get some scans. Subsequently, when the results arrive, they may or may not be definitive. If they are not, then the man would probably be asked to take more tests. Later on, he will be recommended appropriate treatments which are outpatient in nature, or through medication. In this entire scenario, each provider gets paid for the consultation, prescribed test...
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