Bern80 opines:
#3 yes the cost of care is, but I disagree with the reason. One of the biggest myths in this whole debate is premiums are so high because we are padding the wallets of executives. Yet report after report shows that insurance companies typically make profits in the single digits as a percentage. That's pretty low for any industry.
I didn't say insruance executives, Bern.
I was speaking generally about the whole HC industry, Mds, Nurses, technicians, insurance execs, hospital managment PLUS the higher costs of implementing HC that stems from defensive medicine, too.
But when the percentage of GDP spend on all HC goes from 4% to 18% in one man's lifetinme?
Then for sure, the people in that industry are doing better (relative to everbody else) than the people in that industry were doing a generation ago.
And all it really takes to test that theory is to look at the cars in the MD parking lot to know that what I'm saying (about how rewards for the HC industry have changed)
Did you know, Bern, that medical doctors used to be one of (if not THE) lowest paid profession in America? (around the 30s)
Now they are the highest paid professionals.
Somebody had to pay for that change.
In fact
everybody is.