Overcharged: Why Americans Pay Too Much for Health Care: Panel 1

Why is America’s health care system so dysfunctional and expensive? Why do hospitalized patients receive bills laden with inflated charges that come out of the blue from out‐​of‐​network providers, or that demand payment for services that weren’t delivered? Why do we pay $600 for EpiPens that contain a dollar’s worth of medicine? Why is more than $1 trillion—one out of every three dollars that passes through the system—lost to fraud, wasted on services that don’t help patients, or otherwise misspent?

In a new book published by the Cato Institute, Overcharged: Why Americans Pay Too Much for Health Care, Cato adjunct scholars Charles Silver and David Hyman answer these questions. Overcharged shows how government replaces competition and consumer choice with monopolies and third‐​party payment, making America’s health care system as expensive as possible.

At this special book conference, the authors, joined by other national health care experts, will lay bare the root causes of our health care system’s ills and show how the health care sector will become more efficient and pro‐​consumer when it is subjected to the competitive forces that apply to the rest of the economy. Prices will fall, quality will improve, and medicine will become more patient‐​friendly when consumers take control of their health care dollars and exert pressure from below.

To see how this transformation will work, please join us in person or online to learn about the potent “medicine” Overcharged prescribes.