According to Politifact.com, House Speaker John Boehner said that the US has the world’s best healthcare system in the world; however, health care in the country is also the most expensive. Have you ever wondered where most of your money goes whenever you have medical procedures performed in the US?
The answer is simple. A lot of your hard-earned money goes to medical malpractice insurance to protect doctors in case a patient sues them for malpractice.
Medicalmalpractice.com lists the following as the most common causes for medical malpractice lawsuits:
• Prescription drug errors. Giving the patient the wrong medication is very dangerous, as it may complicate and worsen the patient’s condition.
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• Misdiagnosis. This is the most common cause of medical malpractice claims in the US, and is the most dangerous, as misdiagnosed diseases can lead to further complications and sometimes even death.
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• Surgical errors or mistakes. Because surgeries are often very risky, mistakes like these can cost patients their lives.
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Malpractice insurance is a very lucrative business. There are many people who profit from it, including medical insurers, lawyers, and politicians. This is the reason why malpractice litigations are rampant, even though many healthcare institutions are taking measures in preventing these from happening.
To help patients save money on expensive health care, companies like Satori World Medical and Companion Global Healthcare are improving medical tourism to take patients to other countries for quality yet affordable treatments.
Satori World Medical’s website offers more information about medical travel and how it can help you save money.
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