- Mar 21, 2014
- 1,517
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Costs are going wild due to a non-transparent market where consumers can't see the price until they get the bill.
For many, the cost is subsidized by the government. Why should they care about upfront prices? It's free for them.
Then there's EMTALA forcing ED to admit everyone, no matter what. On Medicaid and want to get high? Go to the ED with pain. They have to give you pain meds. Have a sore throat and a headache? ED.
Then there's the Medicare D which can't negotiate price with pharmas. Profit margin 1000% on medical devices. Doctors biased toward procedures that pays well in cases where studies show similar efficacy compared to to the older, cheaper procedure. Pharm reps pushing new drugs that are 100x more expensive, but not shown to be better than the old. The list goes on and on.
Crony capitalism combined with rampant progressivism/liberalism/socialism. It's going to crash and burn before people wise up.
My health insurance, nonsmoking:
3 years ago it was $140/month.
2 years ago it was $170/month.
last year:
$300/month
That's because it has to cover ripoff gouging, like the new $1000/pill medicine for Hep. C.
$84,000 for one full course of treatment. Double that if one course doesn't do the trick.
$250 to manufacture one full course. 33600% profit.
For many, the cost is subsidized by the government. Why should they care about upfront prices? It's free for them.
Then there's EMTALA forcing ED to admit everyone, no matter what. On Medicaid and want to get high? Go to the ED with pain. They have to give you pain meds. Have a sore throat and a headache? ED.
Then there's the Medicare D which can't negotiate price with pharmas. Profit margin 1000% on medical devices. Doctors biased toward procedures that pays well in cases where studies show similar efficacy compared to to the older, cheaper procedure. Pharm reps pushing new drugs that are 100x more expensive, but not shown to be better than the old. The list goes on and on.
Crony capitalism combined with rampant progressivism/liberalism/socialism. It's going to crash and burn before people wise up.
My health insurance, nonsmoking:
3 years ago it was $140/month.
2 years ago it was $170/month.
last year:
$300/month
That's because it has to cover ripoff gouging, like the new $1000/pill medicine for Hep. C.
$84,000 for one full course of treatment. Double that if one course doesn't do the trick.
$250 to manufacture one full course. 33600% profit.
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