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Why is America's health care system so expensive? Why do hospitalized patients receive bills laden with inflated charges that com out of the blue from out-of-network providers or demands 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? Overcharged answers these questions. It shows that America's health care system, which replaces consumer choice with government control and third-party payment, is effectively designed to make health care as expensive as possible. Prices will fall, quality will improve, and medicine will become more patient-friendly only when consumers take charge and exert pressure from below. For this to happen, consumers must control the money. As Overcharged explains, when health care providers are subjected to the same competitive forces that shape other industries, they will either deliver better services more cheaply or risk being replaced by someone who will.
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)

Oil Overcharges

United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations

Published: 1983

Total Pages: 1106


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Henry Cavendish (1731-1810), the grandson of the second duke of Devonshire, wrote papers on electrical topics for the Royal Society, but the majority of his electrical experiments did not become known until they were collected and published by James Clerk Maxwell a century later, in 1879, long after other scientists had been credited with the same results. Among Cavendish's discoveries were the concept of electric potential, which he called the 'degree of electrification'; an early unit of capacitance, that of a sphere one inch in diameter; the formula for the capacitance of a plate capacitor; the concept of the dielectric constant of a material; the relationship between electric potential and current, now called Ohm's Law; laws for the division of current in parallel circuits, now attributed to Charles Wheatstone; and the inverse square law of variation of electric force with distance, now called Coulomb's Law.