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. #61
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    Re: Cause of Medical Costs?

    Quote Originally Posted by Mycroft View Post
    Everything you mention in your post is part of the supply side of the supply/demand concept. That's why I listed that first. But please don't minimize the affect of government on medical costs. It adds an enormous amount to medical costs. In fact, government adds to the costs of the things you mention so not only does government have it's own effects, it affects supply and demand.
    How does government drive up the cost, so much> tort reform legislation, taxes, regulations, FDA research costs, reducing payments for socialized medicine?

    The reason I posted this poll, was in light of how could Obamacare be improved or even changed?
    Einstein, "science without religion is lame, religion without science is blind."

  2. #62
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    Re: Cause of Medical Costs?

    Quote Originally Posted by grip View Post
    How does government drive up the cost, so much> tort reform legislation, taxes, regulations, FDA research costs, reducing payments for socialized medicine?

    The reason I posted this poll, was in light of how could Obamacare be improved or even changed?
    Improved?

    Bad law. Eliminate it.

  3. #63
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    Re: Cause of Medical Costs?

    Quote Originally Posted by Lord of Planar View Post
    Improved?

    Bad law. Eliminate it.

    hahaha... I'll get right on that.
    Einstein, "science without religion is lame, religion without science is blind."

  4. #64
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    Re: Cause of Medical Costs?

    Quote Originally Posted by grip View Post
    How does government drive up the cost, so much> tort reform legislation, taxes, regulations, FDA research costs, reducing payments for socialized medicine?

    The reason I posted this poll, was in light of how could Obamacare be improved or even changed?
    All of the above.

    The fact is, Obamacare cannot be "improved" except by tossing it in the trash. It, alone, is adding an enormous amount to health costs.

    But it's not just Obamacare. Every law or regulation that pertains to anything that is health related adds a cost. That's not to say that every law or regulation is bad, though.

    For example, DOT (Department of Transportation) has regulations that govern the packaging of compressed gases, among other things. These regulations control various things like the construction of compressed gas cylinders, rules about how those cylinders are transported by various means, when and how those cylinders must be tested to insure they won't fail...there's a BUNCH of regulations that pertain to just that one part of medical care and each rule adds costs. But without those regulations the chance of injury or death from the use of compressed gas cylinders would go through the roof. So, most would say these are good regulations...even if they do add to overall medical costs.

    The question you should be asking is: Is Obamacare worth the increased costs that it generates?
    TANSTAAFL

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    ― Robert A. Heinlein, Beyond This Horizon

  5. #65
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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?
    People are willing to spend a lot on their health and machines or medication can be made increasingly better and as costly to produce as the richest can demand.

  6. #66
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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?

    All of the above. Although a good portion of it has to do, I think, with the cost of malpractice insurance as well.

    I used to date an orthopedic surgeon and the cost of malpractice insurance caused fees for services to sky rocket.

    Also...just the experience I've had with major surgery expenses and portions billed to my blue cross and blue shield as compared to how much was "written off" by the hospital, surgeons, etc...is telling.

    It's been that insurance companies inflate their costs so insurance companies wind up paying more.

    Go to the emergency room sometime and tell them you have no insurance. Suddenly you get a much better cost than if they billed your insurance.
    Fool me once, shame on you.
    Fool me twice....shame on me.

  7. #67
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    Re: Cause of Medical Costs?

    Quote Originally Posted by TheGirlNextDoor View Post
    All of the above. Although a good portion of it has to do, I think, with the cost of malpractice insurance as well.

    I used to date an orthopedic surgeon and the cost of malpractice insurance caused fees for services to sky rocket.

    Also...just the experience I've had with major surgery expenses and portions billed to my blue cross and blue shield as compared to how much was "written off" by the hospital, surgeons, etc...is telling.

    It's been that insurance companies inflate their costs so insurance companies wind up paying more.

    Go to the emergency room sometime and tell them you have no insurance. Suddenly you get a much better cost than if they billed your insurance.
    So essentially, you're saying it's rigged by a collusion between insurances, doctors offices and hospitals? I agree, along with malpractice and over charging of medical equipment, supplies and medicine, that's where the astronomical costs are coming from.
    Einstein, "science without religion is lame, religion without science is blind."

  8. #68
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    Re: Cause of Medical Costs?

    Quote Originally Posted by TheGirlNextDoor View Post
    All of the above. Although a good portion of it has to do, I think, with the cost of malpractice insurance as well.

    I used to date an orthopedic surgeon and the cost of malpractice insurance caused fees for services to sky rocket.

    Also...just the experience I've had with major surgery expenses and portions billed to my blue cross and blue shield as compared to how much was "written off" by the hospital, surgeons, etc...is telling.

    It's been that insurance companies inflate their costs so insurance companies wind up paying more.

    Go to the emergency room sometime and tell them you have no insurance. Suddenly you get a much better cost than if they billed your insurance.
    I'm not sure I understand the highlighted statement. It says that insurance companies inflate their costs so they wind up paying more. Is that really what you meant? Or did you mean to say that health care providers do the inflating?
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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