View Poll Results: Why are Medical Costs, so high?

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  • Nature of Capitalism

    10 31.25%
  • Insurance Companies

    16 50.00%
  • Medicare, Medicaid

    6 18.75%
  • Specialization

    5 15.63%
  • All the Above

    10 31.25%
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Thread: Cause of Medical Costs?

  1. #11
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    Re: Cause of Medical Costs?

    Quote Originally Posted by grip View Post
    • Too cheap of insurance? I find this almost unfathomable.
    • Malpractice needs tort reform, badly.
    • Hospitals have become too business like in their models to make more profit.
    • Emergency rooms should not be a treatment center for Flu's and boo-boo's.
    • The AMA are a bunch of over officious jerks. More clinics with Physicians Assistants or Nurse Practitioners would lower costs and make more people available to treat.
    • Palliative care vs aggressive treatment for "end of life" patients needs legal reform. It's an older tradition stuck by religious beliefs.



    These are very good points that certainly, add to costs.
    Maggie did not say that insurance was too cheap, but that it often has little out of pocket costs. This is made even worse under PPACA in an attempt to base the cost of your insurance premiums on your ability to pay and to lower any "out of pocket" costs even more. Rest assured that if auto insurance was mandated to cover worn tire replacement, tune-ups and oil changes at no "out of pocket" costs that it would be a boom for repair shops and raise auto insurance premiums.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  2. #12
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    Re: Cause of Medical Costs?

    Quote Originally Posted by MaggieD View Post
    Just to clarify, nowhere did I talk about "too-cheap insurance".
    Well, too low of a deductible sounds like, give the insurance company more money.



    Quote Originally Posted by Mason66 View Post
    Why didn't you include malpractice as one of the options?
    Yeah, Maggie brought that up and a lot of other costs I missed. But many of those are added problems, not the main cause.

    CanadaJohn made a good point that medical costs are universal in scope, meaning it seems to be a value based cause.
    Einstein, "science without religion is lame, religion without science is blind."

  3. #13
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    Re: Cause of Medical Costs?

    Quote Originally Posted by ttwtt78640 View Post
    You left out two big ones: malpractice insurance overhead and the mandate to provide life saving care without pay.
    That was the big one that was missing IMO. I have a friend who is a doctor, he's never had a problem, he's never done anything wrong, yet his medical malpractice premiums are over $100,000 per year. That's out of pocket for him. He has to charge a ton just to break even, especially with the government screwing him over with Medicare. He has a private practice so he doesn't have to provide care for free but the system is driving up costs for doctors. It's got to stop.
    There is nothing demonstrably true that religion can provide the world that cannot be achieved more rationally through entirely secular means.

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  4. #14
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    Re: Cause of Medical Costs?

    Quote Originally Posted by grip View Post
    Well, too low of a deductible sounds like, give the insurance company more money.
    I've found that many, if not most, people don't really understand insurance. I've always purchased my own, and since it was so expensive, I learned quite a lot about it. No, the deductible is the amount YOU pay before your insurance company begins paying.

  5. #15
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    Re: Cause of Medical Costs?

    Quote Originally Posted by ttwtt78640 View Post
    Maggie did not say that insurance was too cheap, but that it often has little out of pocket costs. This is made even worse under PPACA in an attempt to base the cost of your insurance premiums on your ability to pay and to lower any "out of pocket" costs even more. Rest assured that if auto insurance was mandated to cover worn tire replacement, tune-ups and oil changes at no "out of pocket" costs that it would be a boom for repair shops and raise auto insurance premiums.
    Little out of pocket is not the problem I've noticed or it wouldn't be so expensive. Maybe too little out of pocket for a millionaire?
    BTW, medical insurance is part of your 'out of pocket' expenses.
    Einstein, "science without religion is lame, religion without science is blind."

  6. #16
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    Re: Cause of Medical Costs?

    Quote Originally Posted by MaggieD View Post
    I've found that many, if not most, people don't really understand insurance. I've always purchased my own, and since it was so expensive, I learned quite a lot about it. No, the deductible is the amount YOU pay before your insurance company begins paying.

    If you're paying a higher deductible that's essentially money the insurance doesn't have to pay on the bill, meaning more money to them.

    But I know what you mean and how that would lower your premium.
    Einstein, "science without religion is lame, religion without science is blind."

  7. #17
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    Re: Cause of Medical Costs?

    Quote Originally Posted by grip View Post
    Little out of pocket is not the problem I've noticed or it wouldn't be so expensive. Maybe too little out of pocket for a millionaire?
    BTW, medical insurance is part of your 'out of pocket' expenses.
    You obviously don't understand deductibles and out-of-pocket costs. If it only costs me $40 to go to the emergency room, guess where I'm going with my splinter? If I HAVE to pay my deductible ($500) during a year, guess what? Anything else that seems likely I need? I'm going to get -- because the insurance company is going to pick up the tab.

    "Doc!!! I've already paid my deductible. Anything else you think I need to do before the end of the year??"

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    Re: Cause of Medical Costs?

    Quote Originally Posted by grip View Post
    Well, too low of a deductible sounds like, give the insurance company more money.





    Yeah, Maggie brought that up and a lot of other costs I missed. But many of those are added problems, not the main cause.

    CanadaJohn made a good point that medical costs are universal in scope, meaning it seems to be a value based cause.
    I think malpractice is the main cause.

    Why is it so much cheaper in other countries for the same level of care? The USA has lawyers and the other countries don't.

    Why does it cost $20.00 for an asprin in a hospital?

  9. #19
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    Re: Cause of Medical Costs?

    Quote Originally Posted by grip View Post
    If you're paying a higher deductible that's essentially money the insurance doesn't have to pay on the bill, meaning more money to them.

    But I know what you mean and how that would lower your premium.
    Jesus, Grip. A lower deductible doesn't LOWER your premium, it raises it.

  10. #20
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    Re: Cause of Medical Costs?

    Quote Originally Posted by grip View Post
    What do you think, caused the Medical costs to become so astronomical?


    Was it the nature of capitalism to extract as much profit from the value of a product, as possible. And of course, what amount would we not pay to be healthy? Is capitalism of this sort, taking an unfair advantage of our desire to not be physically miserable or dying?

    Or is it the insurance companies that have gotten in between us and our providers, increasing the costs of service and medicines, by taking an absorbent share?

    Do we factor in the Medicare, Medicaid provisions and non payers, as a source of increased prices, because of their discounted and written off income sources?

    Is it the specialized facilities, medicines, equipment and cost of training the professionals of the field?

    Could it be all of the above?
    Don't leave out pharmaceutical costs, which are astronomical.










    "When Faith preaches Hate, Blessed are the Doubters." - Amin Maalouf

    When trouble arises and things look bad, there is always one individual who perceives a solution and is willing to take command. Very often, that person is crazy. ~Dave Barry



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