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Senior Contributor

A different proposition about health care.

A major underlying cost of health care is insurance.  Not health insurance but insurance that doctors and hospitals are forced to carry because of lawsuits.

If the federal and state governments insured those two entities  and if there was a limit placed on the amount that could be won that would make health care much cheaper.  Now multiple tests are run to cover every possible disease or problem and hospitals in many cities have have the same expensive equipment which just duplicates.  Hospitals a few miles apart shouldn't require all the same multi million dollar diagnostic tools that are required in a limited manner.

Medical schools should be expanded to allow more doctors and rather than the federal or state governments funding sports stadiums or political classes they should be funding future doctors.

 

9 Replies
Senior Advisor

Re: A different proposition about health care.

Hospital could also be designed and built much cheaper. They need to look like hospitals not luxurious resorts both inside and out.

Senior Contributor

Re: A different proposition about health care.

The insurance companies also cost.

Why do you need a middle man to take your money and pay for their office with all the employees and a 'little' profit for shareholders and have enough left over to pay medical claims.

AND the hospitals need a large book keeping staff to process all the insurance claims and argue with insurance companies to get their payments 

Advisor

Re: A different proposition about health care.

Kurt, tort reform is a hot potato issue, and you raise good points. Virtually all the trial attorneys in America vote for the D party, as part of a quid pro quo where tort reform is left alone.

Advisor

Re: A different proposition about health care.

Yes, although I don't really see any of Our Regulars just sucking it up for the betterment of society should they or their loved ones be harmed by medical error.

But a strict limit of liability is generally the case in those European socialist hellholes where medical care is better, cheaper and universal.

Advisor

Re: A different proposition about health care.

TX Gov Abbott would be a case in point.

His paraplegia was caused by a neighbor's tree falling on him, and he collected several $M.

He later backed and signed a bill strictly limiting tort claims.

Senior Contributor

Re: A different proposition about health care.

Last week my son was sitting in on a guest lecture out at UCLA’s Anderson School of Business. The guest was the CEO of a major healthcare insurance company that had seen $451 million in net profits last year. He was also a man who made $4 million in annual salary for his singular efforts in making those profits possible.

Anyway, there came a moment in the presentation when the $4 million/year guest lecturer (presumably with a straight face) decried the extraordinarily high costs of American healthcare and that he hoped that we all might one day be able to do something about those costs. Pause for a moment and let this guy’s words sink in.

File under: You just cannot make this stuff up.

 

Senior Contributor

Re: A different proposition about health care.

health care/insurance/pharma is a codependant monopolized price fixing racket that the actual application of existing laws should illegalize.  

Look at what a person paying cash would pay for the same thing at the same facility  the insurance co. actually pays.

Advisor

Re: A different proposition about health care.

Although in the dreamy eyed libertarian world, blowing up 15% of the economy is better than rules.

Senior Contributor

Re: A different proposition about health care.


@sdholloway56 wrote:

Although in the dreamy eyed libertarian world, blowing up 15% of the economy is better than rules.


In a communist authoritarian world the solution is for the government to take it over.