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Throwing Money Away

calamity

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If all this is true, it certainly explains why we spend so much hard cash on medical.

"ProPublica has been researching why the U.S. health care system is the most expensive in the world. One answer, broadly, is waste — some of it buried in practices that the medical establishment and the rest of us take for granted. We’ve documented how hospitals often discard pricey new supplies, how nursing homes trash valuable medications after patients pass away or move out, and how drug companies create expensive combinations of cheap drugs. Experts estimate such squandering eats up about $765 billion a year — as much as a quarter of all the country’s health care spending."
https://www.propublica.org/article/the-myth-of-drug-expiration-dates
 
If all this is true, it certainly explains why we spend so much hard cash on medical.

Other countries have this same issue when it comes to expiration dates.
 
And here I figured it was because all those people had boats.
 
Other countries have this same issue when it comes to expiration dates.

Yes and no.

Most countries reuse the medication (if unopened and within the expiry date).
 
If all this is true, it certainly explains why we spend so much hard cash on medical.

Yep it is a problem, but that has a lot to do with society as a whole. The US is not exactly known for its minimalism and cost saving as a whole. And when the healthcare system is built up around greed, then it gets even worse. Not saying other nations are better or worse per say, as each country has its own set of problems, but those problems usually follow the over all society and its attitudes.
 
If all this is true, it certainly explains why we spend so much hard cash on medical.

All unnecessary inefficiencies which dont buy us what we want can be called waste, and yes there are gobs of waste in our medical system, which pretty much no one is even talking about trying to fix. We cant fix it till we fix Washington, and we are not making much if any effort at that either, even though we sent Trump and before him Obama to get it done.
 
All unnecessary inefficiencies which dont buy us what we want can be called waste, and yes there are gobs of waste in our medical system, which pretty much no one is even talking about trying to fix. We cant fix it till we fix Washington, and we are not making much if any effort at that either, even though we sent Trump and before him Obama to get it done.

Third time is the charm, perhaps?
 
Third time is the charm, perhaps?

Medical is so big and so hard that we cant gather ourselves to try to deal with the problem very often....ObamaCare was the first time in decades, and many said that it would be decades before we got another go at the apple, but of course we will not be able to wait that long, the bankruptcy of the nation will assure that. Obama is going to get jammed big by history, and his idiotic does not fix hardly anything while claiming that it did as it added yet more costs to the nation OBAMACARE is going to be in the top three reasons why.

Regardless of what corrupt and mostly on strike Washington does right now.
 
If all this is true, it certainly explains why we spend so much hard cash on medical.

That is a lot of money. Is it public sector, private or all together spending, did you by any chance notice?
I have seen the same problem with the good till date, where there was/is an issue, where the over date stuff from grocery stores can't be used by third parties and are destroyed rather than feeding the poor or even animals. I read recently that in the US about a trillion dollars worth food ist wasted a year. The numbers are hard to confirm and go far apart depending on sources.the main question is, what do you do about it?
 
It doesn't take a rocket scientist to figure out we are all being gouged coming and going by the medical field...
 
Yes and no.

Most countries reuse the medication (if unopened and within the expiry date).


We do to as well.. Once certain medication like opiates get dispensed to the patient, then it gets tricker because of reporting.
 
It doesn't take a rocket scientist to figure out we are all being gouged coming and going by the medical field...

Please explain why reimbursement rates to physicians has fallen or been stagnant then in the last decade?
 
Please explain why reimbursement rates to physicians has fallen or been stagnant then in the last decade?

Did I say physicians specifically? No I did not...the medical field includes all aspects...
 
All unnecessary inefficiencies which dont buy us what we want can be called waste, and yes there are gobs of waste in our medical system, which pretty much no one is even talking about trying to fix. We cant fix it till we fix Washington, and we are not making much if any effort at that either, even though we sent Trump and before him Obama to get it done.

We put the Ins. Cos. in charge of controlling costs, so cutting waste has become pretty meaningless. Ins. cos. make money on the amount of money that goes through their hands - basically, they take a cut off of every dollars going through them. The more dollars that go through them, the more money they make, so increased costs by teh care providers simply means more money for them. I'm NO fan of gov't over-regulation, but the ins. industry needs some reining in. Put some caps and controls in place so that the ins. cos. and care providers have a vested interest in becoming more efficient and you would make some substantial cost cuts.
 
We put the Ins. Cos. in charge of controlling costs, so cutting waste has become pretty meaningless. Ins. cos. make money on the amount of money that goes through their hands - basically, they take a cut off of every dollars going through them. The more dollars that go through them, the more money they make, so increased costs by teh care providers simply means more money for them. I'm NO fan of gov't over-regulation, but the ins. industry needs some reining in. Put some caps and controls in place so that the ins. cos. and care providers have a vested interest in becoming more efficient and you would make some substantial cost cuts.

Insurance companies have long worked that way, back when we still had a few journalists they at least as far back as the 1980's were sounding the alarm on this.

But but but still we could not manage a better idea for our extremely important and even if done right expensive and if we do it wrong bankrupting the nation medical system.

We be STUPID!

:screwy
 
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Did I say physicians specifically? No I did not...the medical field includes all aspects...

oh.. then shall we rule out physicians and all other providers on the physician fee schedule as "gougers"?

Well then,.. how do you explain the changes in Obamacare that decreased reimbursments to hospitals, snf and home health agencies?

Or the changes in 1999 that drastically changed reimbursement to SNF, and home heatlh?
 
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