Strengthening Oversight and Compliance in Healthcare Billing
Fraudulent billing practices are a major contributor to the high cost of healthcare in the U.S. Despite existing laws such as the False Claims Act and the Anti-Kickback Statute, enforcement remains weak, allowing providers to exploit loopholes and overcharge for services. Greater oversight and stricter penalties for violations are necessary to curb these unethical practices. […]
The Economic Impact of Healthcare on the National Budget
Healthcare spending accounts for nearly 18.9% of the U.S. GDP, placing immense strain on the national budget. Federal programs like Medicare and Medicaid consume a substantial portion of government spending, contributing to the national debt. Reforming healthcare financing by implementing cost controls, eliminating unnecessary administrative expenses, and transitioning to a more efficient funding model could […]
The Role of Antitrust Laws in Healthcare Reform
The U.S. healthcare system is dominated by a few major insurers and hospital networks, leading to a lack of competition and skyrocketing costs. Antitrust laws were designed to prevent monopolistic behavior, yet enforcement has been inconsistent, allowing healthcare corporations to dictate prices and limit consumer choice. To restore competitive markets, regulatory agencies must take a […]