The Main Reason for the Increases in Health Care Costs

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Christopher, Nov 7, 2009.

  1. Christopher
    Offline

    Christopher Active Member

    Joined:
    Aug 7, 2009
    Messages:
    569
    Thanks Received:
    75
    Trophy Points:
    28
    Ratings:
    +75
    I posted this in as a response in another thread and thought it would be useful information for those who do not understand why our health care costs are rising. Since, if we do not address the root causes of the increases we do not have a shot at health care reform that really works long term. This is from the CBO, Technological Change and the Growth of Health Care Spending

    This is a very good report and discusses some of the other issues with health care costs.
     
    • Thank You! Thank You! x 1
  2. Care4all
    Offline

    Care4all Warrior Princess Supporting Member

    Joined:
    Mar 24, 2007
    Messages:
    32,706
    Thanks Received:
    6,607
    Trophy Points:
    1,170
    Location:
    Maine
    Ratings:
    +11,039
    haven't read it yet, but my question is, why haven't other countries had to spend so much money on these technological advancements to the degree that we have here in the USA?

    Is the rest of the world getting the advantage of these newer technologies but the American citizen the one that has to absorb ALL THE COSTS of these advancements and the research and developments costs?
     
  3. JimH52
    Offline

    JimH52 Gold Member

    Joined:
    Oct 14, 2007
    Messages:
    19,207
    Thanks Received:
    3,090
    Trophy Points:
    290
    Location:
    US
    Ratings:
    +8,166
    Human being will always look for better technologies in Health Care. It would also seem to reason that the expenses of these new technologies would decrease over time. Health care seems to be the one area where this is not true.
     
  4. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    Technology doesn't make you healthier.

    It just makes the medical supply companies richer.
     
  5. Christopher
    Offline

    Christopher Active Member

    Joined:
    Aug 7, 2009
    Messages:
    569
    Thanks Received:
    75
    Trophy Points:
    28
    Ratings:
    +75
    You ask a good question. There are costs that we are absorbing that other countries are not paying for, particularly for development of drugs. Go here (bold emphasis added) Health care in the United States - Wikipedia, the free encyclopedia

    I would think we are absorbing other costs, although, it still does not change the fact that the main cause of the health care cost increases in the United States is from development of new technologies.
     
  6. KittenKoder
    Offline

    KittenKoder Senior Member

    Joined:
    Sep 21, 2008
    Messages:
    23,281
    Thanks Received:
    1,711
    Trophy Points:
    48
    Location:
    Nowhere
    Ratings:
    +1,714
    Another classic quote ... thanks for the laugh Chris ... sometime though, make it so I don't laugh at your expense.
     
    • Thank You! Thank You! x 1
  7. KittenKoder
    Offline

    KittenKoder Senior Member

    Joined:
    Sep 21, 2008
    Messages:
    23,281
    Thanks Received:
    1,711
    Trophy Points:
    48
    Location:
    Nowhere
    Ratings:
    +1,714
    Aaah ... there's the conundrum ... why does it cost more in the US than other countries for the same shit? Simplistic answer: Regulation and licensing fees.
     
  8. Christopher
    Offline

    Christopher Active Member

    Joined:
    Aug 7, 2009
    Messages:
    569
    Thanks Received:
    75
    Trophy Points:
    28
    Ratings:
    +75
    When the CBO mentions "medical technology", here is how they define it (from the link):

    You are right, technology by itself doesn't make you healthier, although that really is not the topic of this thread. Exercising and eating right are the best ways to stay healthy, which has nothing to do with a health care system.

    Advancements in medical technology have improved many people's lives and have actually saved lives. Perhaps you think we should not have developed the following medical technologies, listed in the CBO link:

    Revascularization for Coronary Artery Disease
    Renal Replacement Therapy for Kidney Failure
    Bone Marrow (Stem Cell) Transplantation
    Neonatal Intensive Care
    Joint Replacement
    Diagnostic Imaging

    [Sarcasm on] Yes, you're right that is ALL it does.[Sarcasm off] Only if you think the items I listed above and the many other advancements in medical technology have not provided any significant value to anyone.
     
    • Thank You! Thank You! x 1
  9. Cecilie1200
    Offline

    Cecilie1200 Gold Member

    Joined:
    Nov 15, 2008
    Messages:
    26,879
    Thanks Received:
    3,720
    Trophy Points:
    280
    Ratings:
    +7,052
    Correction. Health care that is paid for by third-party coverage is an area where this is not true. And why should it be? The consumer isn't the person forking over the cash. But when you look at medical procedures where the patient is also the payer, you see that within a year of a new procedure or technology being developed, the price drops like a stone. Look at the difference between laser eye surgery when it first became available and now. Or lap band surgery for weight loss. Or any of a number of other procedures.
     
    • Thank You! Thank You! x 1
  10. Christopher
    Offline

    Christopher Active Member

    Joined:
    Aug 7, 2009
    Messages:
    569
    Thanks Received:
    75
    Trophy Points:
    28
    Ratings:
    +75
    You hit on one of the points the CBO made in the link. Here it says that Medicare/Medicaid (third party systems) have also increased health care spending:

     

Share This Page

Search tags for this page

content