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Friday, May 06, 2011

Cost Of US Health Care Vs The Cost In The World

I can think of two reasons.

Hey folks,

Happy Friday to ya. Since it is Friday, time to go to the Emails. This week, I wanted to post Part One of a Health Care Costs. This is from Tony Shin over at Business Pundit. I can't wait for Part Two. This is an interesting look at the Cost of US Health Care Vs the World Costs.


The state of the United States today is extremely fragile. Lawmakers are at war with one another over how to reduce our deficit while increasing our quality of living, and there is no end to the debate in sight. At the very core of this struggle over our future is a basic human necessity: health care. Many other developed nations have worked out sustainable models for health care, but in the US, costs are higher and quality of care is worse. The recent passage of health care reform is aimed at fixing our broken system, but many of us want to know: why is our health care so expensive in the first place? Medical Billing and Coding present part one of a two-part series detailing why our health care system is lagging behind those of other wealthy nations, both in affordability and in effectiveness.
To see the Infograph Click Here. I tried to post it but it get's cut off. It is really a great graph that breaks it down for you.

I can think of TWO reasons right off the top of my head. One, Uninsured. Second, out of control and completely bogus Litigation.

First, Uninsured. Yes, you will get treated if you go to the Hospital, regardless of your ability to pay or your Legal Status. But it's no longer just the Illegals. Now with the Economy the way it is, it is also thanks to Unemployment and Under Employment. With the Cost of Insurance, going up not down, since Obama got Obamacare through, more and more Employers are raising the Cost of their Employees. It is starting to become out of reach for many. Mine just Doubled as of June 1, 2011. Some Employers have cut is out altogether.

Then you have the Lawyers Lobby seeing to it that some on BOTH sides of the Isle will not go anywhere near what we really need. Litigation Reform, or Tort Reform, as it is commonly called. I understand that if a Doctor was to cut off your Arm, after you go to see him because of a Cold, yea, you should be able to get some kind of compensation. However, there are MANY frivolous Lawsuits out there because Doctors and Hospitals are perceived to have a LOT of Money that others would love to take. They are a BIG target. So they HAVE to be insured to protect themselves. Hence, $40.00 Aspirin.

Like I said, I can't wait to see Part Two. Thanks Tony.
Peter

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