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Thread: The U.S. Economy Can't Hire Health-Care Workers Fast Enough

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    Re: The U.S. Economy Can't Hire Health-Care Workers Fast Enough

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    Re: The U.S. Economy Can't Hire Health-Care Workers Fast Enough

    Quote Originally Posted by Eric7216 View Post
    Nice link. Amazing that the US ranks ahead of France in both quality of care and access to care and France ranks #1 in both this poll as well as WHO's last survey of heath care. I would think those are extremely important criteria. Perhaps there is some bias in weighting the various criteria. Health care seems more important than costs.

    Does the US gain any points for having US affiliated medical researchers winning 27 out of 47 Nobel Prizes for medicine in a recent 20 year period, from 1993 to 2012? It seems as though US innovation probably adds to lower costs in other countries as they benefit from US research.

    Glad that we are not like the UK, with their single payer system that ranks just above the US in 2nd to last place despite ranking first in so many categories.
    The weighting is everything in these surveys. They typically double weight conceptual stats like coverage while not doing that with hard statistics like delivery, availability and timeliness.

    They also tend not to rank care received without insurance that gets written off by the Hospitals, etc. etc.

    In other words, it's generally a survey designed specifically to highlight where socialized medicine excels and downplay where it doesn't.
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    Re: The U.S. Economy Can't Hire Health-Care Workers Fast Enough

    Quote Originally Posted by Redress View Post
    People are not paying nothing. They are paying indirectly. This is a huge difference from what you claim. You seem to be totally unaware of how insurance or the health care profession work.
    I know quite well, how people are paying. I also understand how different "property rights" structures as it is called in economics affect decision That is, what I was referring to. I did not realize that you did not understand that. When people do not pay for the amount they consume, the price control mechanism of the market does not prevent over consumption and production. This generally leads to increasing costs and always to an economic welfare solution below the optimum.

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    Re: The U.S. Economy Can't Hire Health-Care Workers Fast Enough

    Quote Originally Posted by donsutherland1 View Post
    From Bloomberg.com:



    The U.S. Economy Can't Hire Health-Care Workers*Fast Enough - Bloomberg Business

    The complete report can be found at: http://www.bls.gov/news.release/pdf/jolts.pdf

    This data, which runs counter to some of the political narratives related to the health sector, highlights anew the importance of looking at all the variables when trying to assess an industry's future performance. The political/regulatory/tax variable is one aspect that can shape an industry's performance. There are many other variables. When it comes to the health sector, the aging of the population (which is directly related to medical care consumption) is a mega factor.
    Bingo! It would seem some here were unable to read and/or comprehend that particular sentence.










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    Re: The U.S. Economy Can't Hire Health-Care Workers Fast Enough

    Quote Originally Posted by poweRob View Post
    Ok...

    I've yet to see a new plan where there are no premiums and deductibles and copays don't exist.
    Here in Germany, if you are poor you pay no premium and the insurance covers your consumption of health care. The way they are tending now is to ration the amount of care that doctors are allowed to give and the types of methods public policies are allowed to cover. They had to do this, because costs were going up.

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    Re: The U.S. Economy Can't Hire Health-Care Workers Fast Enough

    Quote Originally Posted by joG View Post
    I don't know your insurance policy, but I pay practically the same if my medical costs are 0 or 100.000 dollars.
    Yeah, that's not really how it works in the U.S. Most people share in some portion of the cost at the point of service.

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    Re: The U.S. Economy Can't Hire Health-Care Workers Fast Enough

    Quote Originally Posted by Greenbeard View Post
    Yeah, that's not really how it works in the U.S. Most people share in some portion of the cost at the point of service.
    Like 10% capped at $ 3.000?

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    Re: The U.S. Economy Can't Hire Health-Care Workers Fast Enough

    Quote Originally Posted by joG View Post
    Like 10% capped at $ 3.000?
    Depends on the plan.

    The point is that people generally have some skin in the game, and their use of resources (and the relative prices of those they choose) has a direct financial impact on them. More so every year.

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    Re: The U.S. Economy Can't Hire Health-Care Workers Fast Enough

    Quote Originally Posted by Greenbeard View Post
    Depends on the plan.

    The point is that people generally have some skin in the game, and their use of resources (and the relative prices of those they choose) has a direct financial impact on them. More so every year.
    Where there is skin in the game, it is not a totally free good type decision but one, where the goods are under priced. That is about the same, just not quite so aggressively destructive.

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    Re: The U.S. Economy Can't Hire Health-Care Workers Fast Enough

    Quote Originally Posted by donsutherland1 View Post
    From Bloomberg.com:



    The U.S. Economy Can't Hire Health-Care Workers*Fast Enough - Bloomberg Business

    The complete report can be found at: http://www.bls.gov/news.release/pdf/jolts.pdf

    This data, which runs counter to some of the political narratives related to the health sector, highlights anew the importance of looking at all the variables when trying to assess an industry's future performance. The political/regulatory/tax variable is one aspect that can shape an industry's performance. There are many other variables. When it comes to the health sector, the aging of the population (which is directly related to medical care consumption) is a mega factor.
    I'd make three comments on this issue:

    1. Healthcare jobs have been at a premium in the US for several decades - Canadian universities have been raided annually for those graduating from nursing and other medical fields. I have a feeling that the openings will be growing as fewer Canadians are opting for careers in the US as wages no longer greatly outdistance Canadian salaries.

    2. As with any field, more people are now retiring and fewer people are in the workforce. As a result, in a growing demand field like healthcare - looking only at an aging population - there will be a disconnect between available employees and available positions. It would be interesting to see if the entire healthcare workforce has increased that significantly.

    3. It has been noted elsewhere that the vast majority of new registrants for healthcare coverage on the state and federal exchanges have been those now eligible for Medicare coverage under the new guidelines established under the ACA. As a result, it's not surprising that there would be increased demand for healthcare professionals who will serve the increase in Medicare demand. Considering that some doctors are reportedly not accepting new Medicare patients because of reduced rates of reimbursement, it's possible that many of the posted openings are to fill positions serving those Medicare patients with professionals not wanting to accept the cut in reimbursement.
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