In a landmark development, Blue Cross Blue Shield (BCBS) has reached a $2.8 billion settlement to resolve antitrust claims brought by health care providers, including chiropractors. The lawsuit accused BCBS of dividing the nation into exclusive regions and limiting competition, which resulted in lower reimbursements for providers. Although BCBS denies any wrongdoing, the company agreed to the settlement to avoid lengthy litigation – and you can get a piece of the pie.
Annual Cost of Prescription Drug Use in the United States
The use of prescription drugs in the United States exacts an onerous and largely underappreciated cost of drug-related morbidity and mortality. These adverse events translate into a staggering expenditure of over $76 BILLION EACH YEAR:
Physician Visits - $7,459,744,000 (9.7%)
Additional Prescriptions - $1,933,121,000 (2.5%)
Emergency Room Visits - $5,320,723,000 (7%)
Hospital Admissions - $47,445,477,000 (62%)
Long-Term Care Admissions - $14,398,644,000 (18.8%)
With a price tag of $76 billion annually on prescription drug-related morbidity and mortality, it's hardly surprising that the U.S. leads the world in "health" care costs.
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SOURCE: Johnson JA, Bootman JL. Drug-related morbidity and mortality. Arch Intern Med. 1995;155:1949-1956.