While I read a lot of articles that make me angry, I haven’t been as upset as I was reading this piece from Time (link below). My God did it dredge up old memories prior to me going on Medicare and of course how my parents got wiped out when my mother had a heart attack. You can tell me all you want about the free market and healthcare, the fact is as the article noted medicine will ALWAYS BE a “sellers market.” You can, in theory, shop if it isn’t an emergency AND you can actually see the prices and find a competitor with a better deal. But that isn’t the case outside of some elective stuff like lasik or plastic surgery. This isn’t like shopping for a car or groceries.
And I find it hard to believe that such margins are because of malpractice lawsuits. Texas and a few others capped that and they have the fattest hospital costs. This is greed, pure and simple. You want to know why Medicare/Medicaid and most likely the private insurers are gonna go bust? When a hospital charges 40X for a tylenol pill or hell they don’t even have a God damn clue by their own revelations, this gets out of control and fast. It really says something when the medical industry spends 3 times as much lobbying Congress versus the war industry. And don’t tell me that if we bothered to stand up to this that services would be cut, you can still be a hospital and make money charging $5k for cancer medication as you would $17k when even they admit they could….especially if you’re a GOD DAMN NON-PROFIT (the WORST of the bunch!)!!!
Bitter Pill: Why Medical Bills Are Killing Us | TIME.com.