Who do you think contributes more to the rising cost of health care: providers (docs, etc.) or health insurance companies? (UserQ)
There are some big interests that don't want some of these changes, but truth be told it's the American public. Most simply don't believe in freedom and individual rights.
We need to tackle this problem from both the demand side and the supply side. Too many believe that there is a single silver bullet to solve the problem. We have a sort of perfect storm of problems in healthcare that can only lead rampant runaway costs.
The American Medical Association is the biggest reason for the choked supply, but the FDA also plays a big part. This almost never comes up and the AMA always seem to be forgotten despite a long track record of screwing the public at nearly every turn.
It's not lawsuits, that's maybe 10% the reason. The main reasons are surging demand due to the third party payer system(gov't & insurers), drug costs (FDA laws & short patent time), and a choke supply by trade groups like the AMA.
even the people who make the machines in hospitals market them at exorbitant prices
Without a doubt, it is the number of lawsuits being filed. There needs to be an option for ambulance chaser in this question......
It is the increasing numbers of seniors and their healthcare needs that is driving the cost.
Completely out of the hands of insurance companies. Doctors and their issues are driving up costs.
It all starts with the companies making the medical equipment and pharmaceuticals. If they did not charge Heath providers so much it wouldn't roll downhill from there. Then the health care providers give the insurance companies a discount and charge uninsured or underinsured individuals way more.
Neither, it's too much government interference with Medicare and medicaid. The government can force hospitals and clinics to set a price extremely low for government supported health hurting people who pay with other insurances.
Neither, it's PITLA!
I agree tgrinhi12, litigation has driven up costs more than anything.
All the for profit and inefficiency in a hospital. That's what.
most health insurance carriers operate on single digit margins (some on very low double digit margins) - while they are certainly a contributor to the rise in cost (added overhead) they are by no means the largest or most meaningful contributor - the data is publicly available so check for yourself
Your logic is flawed. Your question should have been: what contributes more to rising healthcare costs: litigation or government regulations?
As usual, right-wingers don't recognize their azz from a hole in the ground.
I would like to take this moment to thank Romney for setting the groundwork for "Obamacare".
I'd say it's people who sue doctors.
Of course they would need to buy catastrophic insurance that would cover the big stuff like cancer or a prolonged hospital stay
What if all folks were allowed to contribute to their own HSA accounts pre tax so that they could save up for future health care costs, and then let the individual choose what treatment they can or want to afford? Of coure
It's poor people.
Supply & demand, and human tendency to binge when perceiving plenty, is far more to blame. Thus, insurance, in creating a market of perceived plenty at low or no cost, is more to blame than docs. However, gov't regs encouraging work-provided ins, is far more to blame than either.
Bhtim, how's the party going? Watching MSNBC? oh, the horror.
If I didn't need to get my children to school, I would total up what we have paid out of pocket to the exact dollar. But I think you get the idea. Insurance does NOT make it less expensive. I spend less without it.
And we would still pay right around the same amount as we would have WITH insurance. Instead, because we choose to pay cash, we get an automatic 20% off most of those costs. Some of the others are a bigger discount. So, in total, we have spent several thousand $$$ LESS in costs than if we had ins.
We've had a VERY unusual spring in which we have already had a gashed open arm (ER visit), a broken arm (ER visit), an ear infection (dr. office) and a suspicious lump that needed looked at on my back. Those also would have cost co-pays ($250 for each ER visit). Add in all those numbers...
$30. The x-rays and ultrasounds have their own bill so add another $30 co-pay. And don't forget the surgeon who has a separate bill. Yep, another $30. Of course, there is the pain medication, the follow-up visit and missed work to factor in also. But I'm tired of numbers so lets total up.....
Have paid $6000 so far in premiums, co-pay would have been $250 for the ER visit and I'm honestly not sure how much the co-pay for the actual surgery would have been so let's leave that out. Then the deductible would be $5000. The anesthesiologist has his own bill so there is another co-pay of....
I think the main problem is pharmaceutical companies.
Butterfly- since when is healthcare more costly without ins? As a self-employed family we would pay $800-1200/mth in premiums. PLUS we would still have our co-pays and deductible. Let's use an average for this example... My husband just had gallbladder surgery last month. With insurance we would....
Insuarance is the privatization of the redistribution of wealth.
Such work should be done by professionals (govt).
Costs of services go up when you think someone else is paying for it.
The Affordable Healthcare Act will certainly add costs to the system. Can the government do anything more cheaply? Of course, our healthcare itself will also deteriote.
If these big bad insurance companies are sucking up so much money, why aren't they more profitable? The healthcare insurance industry stands at 86th from the top of all industries in the USA in terms of profitability.
...Where are you people getting your facts? Legitimate resources?-- Or are you all just spilling out b.s. based on pent-up feelings of rage towards the opposing side?..
Hahahaha...just read my own comments please correct as follows;
That is all
None of the above...the free loaders, illegals, baby mommas having 18 kids, sue happy leaches, the lazy and obese, and the entitled are the main reason for rising healthcare costs!! Healthcare is not a "right", it's a personal responsibility! I love to have a Big Mac and bacon but not everyday!
Take a look at your next itemized hospital bill. When you notice the $2.75 charge for a 325mg acetometaphin, you will have an idea of a big part of the problem.
Tort adds to the exorbitant costs. A lot of tests ordered by physicians are CYA for them.
When procedures aren't covered by a technicality, it becomes an out of pocket expense. Most insurance companies don't care and see patients as a number and how much they save by declining payment. Now they're out of a house or a car and still ill because they couldn't get the right procedure...
Hehehe... When something is prescribed, sometimes patients have to wait to see if it is covered. During the wait, sometimes the patient becomes more ill. Many things can be fixed with a simple procedure, but they take money that a patient may not have and insurance is unwilling to cover.
...said would have, logically, saved money. And to my point, the only reason insurance companies are the force try are today is because of the federal government...so you can blame them, democrats in particular.
If you want to fix insurance companies cutting off covered treatment, then right a bill for it...the healthcare bill that will hopefully get struck down isn't it. Besides, the question was "who contributes to higher med costs"...you have yet to explain how it's insurance companies. Everything you...
Prterri:hahahahahaha....whine a little more! "I'm a victim!" trust me, as somebody in the "system" you don't know crap. You see everything through a liter of your own making.
Look at a Ins Claim Report - INS co negogiate lower fees. Health care is more costly without ins. Expensive medical advances and people who don't pay result in higher costs. i.e. my daughter incurred $30k in CCU and no ins and never paid. That cost gets passed to the rest of us in higher costs.
@RJ1969: In most cases, the customer pays their co-pay and the doctor gets the rest from the insurance company.
In the old days, the patient paid the entire bill at the time of service and submitted a claim to their insurance company for reimbursement. Back then, you cared how much it cost.