This week’s reads on health care costs tackle drug prices across the border and across the globe.
A new report from the Health Care Cost Institute shows health care spending grew more than 4 percent in 2018, the second straight year of more than 4 percent growth. And that isn’t because we’re using more health care services — spending grew because prices grew. Read more from Health Leaders Media.
Americans are taking trips across the Southern border not for fun in the sun, but to pick up life-saving insulin. NPR tells the story of one mom whose son’s three-month supply of insulin would cost $3,700 in the U.S. But in Mexico, it would be only $600. Medical tourism is one side effect of sky-rocketing insulin prices in the U.S., which Congress may move to address. Reuters has more.
[Related: Why Prescription Drug Costs Keep Rising]
Drugs have different price tags from country to country because each one sets prices differently. Axios details some different methods.
Hospitals now have to list prices for medical services online. But those often don’t tell the full story. The Associated Press put together a tip sheet on how patients can more accurately compare prices for different procedures.
[Related: Putting a Price Tag on Care]
The CEO of GoFundMe, the online fundraising platform, spoke with Kaiser Health News about the many medical-related fundraisers his company sees each month. “I would love nothing more than for ‘medical’ to not be a category on GoFundMe,” he said. “The reality is, though, that access to health care is connected to the ability to pay for it.”
[Related: Affordability Cures]