The discovery anesthesia (1846) and antibiotics (1928) were an inflexion point in the field of medicine as they allowed for the discoveries of more complex care procedures in the years to come. The average life span has increased from 29 to 73 years globally since the 1800s, while average United States life span over the same time period increased from 40 to 79 years.
HHS comprises of several agencies that define, design and execute national health programs in partnership with agencies at the State level and private sector.
There have been numerous efforts to increase the transparency of healthcare “costs”, however most of the “cost” numbers shared publicly are based on what the health plans (insurance companies also known insurance carriers) negotiate with the health systems.
In its simplest definition, Health insurance is a means to mitigate the financial risk that arises from unforeseen expenses for healthcare (or a health risk). Typically, health insurance is offered as an annual subscription where by the subscriber or the sponsor of the subscriber makes monthly payments (premiums) to the insurer to cover the financial risk arising from a health risk.
The search for health care is unique to each individual and is frequently influenced by the current health status and socio-economic situation. The search may be initiated by the individual themselves or a family member or an unrelated non-professional care giver. The nature and intensity of the inquiry varies by stage of the diagnosis.
The current transparency efforts are focused on the math that that explains the cost shares between what the insurance company pays and what the member (subscriber) of the plan pays. The efforts are lacking in pursuing the transparency of the “Billed Charges” and how they are assessed.
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