Posted by & filed under Industry Analysis, Management Issues, Personal Finance.

Description: In an incident recently reported by Vox, a one-year-old named Margot managed to tie a hair around her toe, causing it to swell and bleed. Her parents Bradley and Becky Sroka became concerned when Band-aids didn’t suffice, so they sought help. Since it was a Saturday, their pediatrician’s office was closed and Bradley’s doctor’s office said it wasn’t equipped to treat the child, so they went to the hospital.

Source: CNBC.com

Date: Apr 17, 2018

Link: https://www.cnbc.com/2018/04/16/most-americans-cant-afford-a-937-bill-for-a-childs-toe-ointment.html

Questions for discussion:

  • According to the article, why are medical costs higher in the U.S. than in many other developed countries?
  • How can the industry mitigate unfair costs to patients without inviting government involvement?

Leave a Reply

Your email address will not be published.