health care: why so expensive?

**uls** · March 25th, 2006 03:57 PM

Originally Posted by smooth

higher than you can imagine, and more than the reported cost. less and less institutions abroad are performing high-risk procedures because of the potential for lawsuits.

well, can we say the the US is the most dangerous place to be a physician? hehe

Ya i empathize with the doctors. The american public will always grab a chance at getting a big pay off (winning a big lawsuit). Americans are spoiled rotten.

**creepy** · March 25th, 2006 07:40 PM

A big reason why healthcare is expensive in the States is litigation and its effect on malpractice coverage (insurance). Malpractice insurance coverage is expensive because of the ridiculous lawsuits that prosper in the U.S. (long live the U.S. legal system! Hahahahaha).

**Tacoma_34** · March 28th, 2006 02:09 AM

Originally Posted by uls

GM had a contract with its employees back in the 50's or 60's (correct me if im wrong) that when they retire, GM would shoulder pension and health care cost.

Health care cost in the US has been rising ever since... thats why GM is in deep **** now coz its still paying the pension and health care cost of thousands of its retirees.

Health care cost in the US has skyrocketed... (kaya mataas sweldo ng nurse, kaya dami nag nunursing) everything has gone up (hospitalization, prescription medicine)

Taga kasi mga big pharma. hospitals have to cover costs for treating uninsured patients by charging insured patients higher.

no simple solution to that... the Bush admin protects the interests of big pharma and the medical establishment.

$25/hr lang ang nurse eh, liit. Stable lang ang job nila.

**uls** · March 28th, 2006 10:03 AM

Originally Posted by Tacoma_34

$25/hr lang ang nurse eh, liit. Stable lang ang job nila.

well, by 3rd world standards, mataas na yun

anyway, here's an article that explains why healthcare is so expensive:

http://finance.yahoo.com/columnist/a...economist/2760

**Horsepower** · July 20th, 2006 08:06 PM

Health care is a very lucrative business simply because almost everybody is afraid to die and those with money will pay whatever they can to extend theirs. That's the reason why medicines are usually sold 300x their production cost and still sell a lot.