00:01
Hey guys, so today we're going to be talking about why health care expenditure in the united states has increased so rapidly.
00:06
And before we kind of dive into the nitty gritty here, the main reason would be that there's a huge dependency on insurance companies and hospitals.
00:14
And this creates a lot of, i guess you could call it red tape, so to speak, but we will kind of dive more into the main reason now.
00:23
So basically, like i said earlier, the dependency of the u .s.
00:29
In general on hospitals.
00:30
And insurance companies results in more wastage basically.
00:36
So dependency on hospitals, insurance equals wastage.
00:46
There's a lot more paperwork to fill out.
00:48
There's all these procedures you have to go through, and this kind of creates a lot of issues.
00:54
So not only this, basically when doctors take insurance policies, they order all these tests and procedures to protect themselves from lawsuits.
01:02
So doctors also have, doctors take measures to protect themselves from lawsuits and legal issues.
01:20
And then so they basically, they're taking out insurance policies.
01:29
Doctors are kind of aware of the situation that expenses will be borne by the insurance companies and not then and not them...