Why is health care cost so high in US, and also acting up in the PHL too?

Live healthy and long

Repost from Dr. Mercola archive | August 14, 2013

A heart surgery costs about $1 583 or 95,000 rupees (the Indian currency is on verge of devaluation so it could be even lower) in India and about ten times as much in USA, eg. Cleveland Clinic $106, 385.  Efforts are underway to reduce the price some more in India to about $800 within the decade to make the procedure to most of the Indians who live on less than $2 a day.  (There is the Aravind hospital in India which does a cataract surgery for only $5!!)  Everything could be reduced including supplies and drapes which could be a model for developing countries.

In the US though, every thing is about opportunistic pricing (maximizing because of health care system?) According to Dr. Devi Shetty

This gave rise to medical tourism and prices in other countries, even with the hotel and air travel are much lower than in the US.  Such countries include Thailand, Taiwan and India.  However such travel are risky because of superbugs in such countries, and other risks associated with travel.

Steven Brill of Time Magazine did an investigative piece on US health care cost which are sometimes shocking!  Costs/prices could be staggering. Profit motive, profit maximization.  Health care costs in US total are the health care costs of top ten countries after it;  yet longevity in US is at the tail end.

They also have many unnecessary procedures.

Health care should be more classified as a social business.  And the largest hospitals in the PHL, the big four, Makati Med, TMC, Cardinal, and St. Lukes (two are owned by MVP) are on profit maximization, opportunity pricing trajectory like US (vs the income levels of Filipinos)

If I were given longer life and have more business opportunities, I will have health care facilities patterned after India.