A brief description of our 2.5 trillion dollar health care factory and our efforts to fix it. More information about why it is so expensive are available at www.ourailinghealthcare.com, where you can also find information about a video “Health, Money and Fear”, which delineates the perverse incentives that drive up cost. Both are produced by Paul Hochfeld, an emergency physician in Oregon.
4 Comments Already
April 12th, 2010 @7:11 am
The health “insurance” companies already cherry-pick what they’ll pay for.
April 12th, 2010 @7:44 am
in summary,
For-profit, health care as a commodity model fails.
The system is broken when 30% or more of health care insurance dollars go to overhead, advertisements, admin. costs and profits. 61% of bankrupcies are health care related, and out of those 75% HAD health insurance!
April 12th, 2010 @7:58 am
This is something that I have wandered about the Public Plan as well. I was wondering that it would actually absorb the riskier portion of the population and that the health insurance companies would just pick the least risky out from the pool, making the public plan more expensive. So, yes, the public plan might actually be at a dissadvantage with respect to the health insurance companies.
I don’t think it gets much scummier than an entire corporation propped up on selling people false hopes and spending the revenues on lawyers to deny them coverage when they’re flat on their back. Take these corporate vultures and drag them behind my truck until the rope comes back clean.