Is too much money being spent on dying patients? 60 Minutes on the CBS News recently aired a segment called “The Cost of Dying,” which was a breakdown of events that happen with patients in hospitals in the Intensive Care Units and the high costs associated with keeping them alive, said a new study.
75% of our nation’s deaths occur in hospitals, and it was estimated on the show that patient’s lives are prolonged in some cases for up to $10,000 per day and that in America the last two months of patient’s lives is costing Medicare $55 billion. According to a report, this might be unnecessary 30% of the time.
In one of the cases mentioned on the show, 25 additional doctors were called in as consultants on a dying 80 year old woman. Each doctor received $100 or more for five minutes of their time, said a representative, and added that Medical Insurance Companies make it difficult for these doctors to do much else.