CNN on US Healthcare: $1,000 Dollars For A Toothbrush!

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March 01, 2010 CNN
1000 Dollars For A Tooth Brush!

http://www.youtube.com/wa...

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I've disappointed to see this on the front page.

I'm not going to defend the broken system that's considered health care in this country, but this report is just terrible and based entirely on hearsay.

"I know someone who was charged $1000 for a toothbrush"

Oh really? How come you won't show us the bill? How come you won't give the person who was charged for the toothbrush a few seconds on camera? We're just supposed to believe you because "you know someone"? WTF?

-cut to random woman in her house-

"Oh, I saw someone get charged $100 for aspirin"

Again, why not show us the bill with the actual charges?

I'm not doubting the veracity of these claims, but this is being reported in the same sensational, sloppy manner that is typical of the mainstream media. We criticize the mainstream media when they air trash like this; we should be equally critical of stories that support "our case".

The new economy of Obama states,

there is no such thing as waste..Monies spent in all forms are jobs & stimulous ..How can anyone claim waste, when it's money being circulated..The only waste in the US economy is the overhead in Washington DC & those excess jobs of overhead in gov't..Not to mention the overhead of having someone print & charge interest on note origination.

Backdoor public healthcare

Insurance companies execs are not stupid. They are NOT just overlooking these bills - come on CNN! As if ..LOL! The insurance companies make common agreements to let this stuff pass through and in unison put their premiums up to make up for the expenses. There is no real Health Insurance free market obviously. It would be impossible to get away with this kind of inefficiency if there were! This has all the hall marks of a backdoor public healthcare system. Insurance companies have probably been pushed into it via beauracratic contacts in Washington who are encouraging/intimadating them into it in return for some promised favors down the road.

Most health insurers do not make money on their underwriting

The things most people don't know is that most would be bankrupts if they simply paid out claims on the money they bring in on premiums. They make most of their money by investings the premiums that take in before paying them out.

For this reason, they don't actually pay that much attention to this this stuff. Don't get me wrong, they have a lot of people looking at it, but I don't think they actually expect much to come out of it.

They work on networks, so a lot of it is done in broad brush strokes. To call it "back door" probably gives it too much credit. They're really just looking at the generally profitability by client. If one gets out of line with the others, then they investigate.

Option #3

Option #3 seems so horrible only for the fact that people are constantly brought to the hospital with no means to pay for healthcare and didn't prepare for it.

This is new to society as a whole because in recent history, when someone was sick, or dying technology could not revive them or help them and people would accept the fact that they are dead.

However, now medical technology has advanced so fast, that we can help a lot more people and heal them, but its gone too fast to where this latest technology is expensive. Whats worse, this is an expense most people don't know about or care about so they dont save for it. Why should they? They don't deal with the prices or how expensive things actually are.

I think the solution is more education on the pricing of healthcare. More self responsibilty and perhaps a program to promote the idea of how valuable private health insurance is early in your life (noone wants to die young while they are healthy). and Use health savings accounts and other methods to encourage people to save for when they are older and can only afford High deductible low premium plans.

As for everyone else (chronic health problems from birth or early on)...you can't expect insurance agency to solve these problems...it just isn't profitable or feasable. Theres too much risk. However, you can offset their TAX risk to make it more feasable. Maybe, for every insurance firm that sets up a fund in their premiums to donate to private organizations that help the needy, get an extra tax break then normal. Let private non profits handle the needy. Fund them with money from the high profit corporate sector. RIght now as it is, corporate taxes are so high, companies don't give as much because they have little net income when all is said and done. Offsetting their Tax risk by giving to specific cause would be a way to channel this money to help the problem that you have in society.

I agree, but what would be the policy?

Consumers that aren't accountable for the costs of health care will obviously make decisions that are much more expensive than if they are not responsible for them. The other factor is that there is a proof in economics that says and "right" will grow faster than the rate of GDP. This means every "right", over a long enough time period, will eventually collapse the economic system.

Some insurance providers are trying to address this by creating more cost and quality transparency tools (tools like amazon), management of care utilization (making sure you're taking your medicine or providing incentives to stop smoking), and high deductible health plans (transfer costs to consumer).

The challenge with these is that the hospital can still "price gouge", because they basically have monopoly pricing during critical circumstance. The majority of costs come from a minority of patients. If you are one of the patients that is suffering a quick decline such as a heart attack, they don't have time to say "hey take me to the hospital down the street because they are cheaper". They usually want to go to the closest hospital available (assuming they are even conscious).

I am bringing all of this up, because if any of our liberty candidates want to effectively debate these issues, we should all at least agree (maybe not on a solution) but the set of problems that need to be address and the options for addressing them.

Hospitals aren't raking in the dough

Hospitals aren't raking in the dough, they're trying to deal with the fact that gov't has hamstrung them. The ER costs hospitals so much money that they have to spread the costs around to other areas. We already have a horribly inefficient national health care system in the ER.

To my knowledge, only three options exist to address this issue. If anyone knows of other options, I'd definitely be interested in hearing them. Which do people here agree with?
1.) Make hospitals public enterprises (I know everyone here disagrees with this one)
2.) Require all users of health care to get insurance, which includes everyone (I most visitors here disagrees with this one)
3.) Allow hospitals to turn away the sick at dying without insurance from the ER, so they are truly private enterprises. This would mean allowing a person to bleed to death on the doorstep of the hospital.

I have my own opinion, but I'd be interested in hearing other thoughts. Most of the debate I've seen is really negative towards option #1 and #2 without mentioning that the consequence is either the status quo or option #3. In my opinion, it is irresponsible to simply fight against #1 and #2 without embracing their consequences.

Either we have health care for all, or we don't. We are paying $150 for Tylenol because the U.S. has a horribly inefficient "public option" called the E.R., which is the worst of all worlds.

Let me know what you think.

Personal Responsibility

Doesn't it have to be Option #3?
Option #1 will not provide quality health care to anyone.
Option #2 is essentially the same as Option #1 but to a lesser degree. Using government to force people to buy a product or service will have negative consequences.

Option #3 follows the nature of life - individual responsibility. Neither can people can't expect doctors to be slaves. BUT as Dr Paul has said on many occasions there is some give with this option:
1) Some Doctors will volunteer help in emergencies;
2) Charities will step in to help in emergencies; and
3) After implementing Option #3 in short time costs and insurance would come down DRAMATICALLY. I think I remember Dr Paul saying that sometime before 1960 it used to cost $15 a year to provide health insurance for an entire family?? I am not sure about this does anyone know.

Maybe what we should be doing is getting the historical data to show the uninformed how cheap health insurance can get in a free market.

I agree with option 3

I just wondered if people would still agree when faced with the end result. I think there are lots of ways to mitigate the consequences of option #3, and the end costs will be worth the benefits.

I would be interested in seeing the study where you found the $15. I wonder what that includes. Most costs follow the markowitz curve, where taking someone from a life span of 30 to 40 probably costs less than taking someone from 40 to 45 or 80 to 82 and so on. We've gotten used to living into our 70s and 80s, so a lot of the exponential cost increases are probably reflected in that.

Weird, i was just having a

Weird, i was just having a conversation with a friend yesterday about him paying $160 for Tylenol at the hospital when his wife was having her baby.. ironic seeing this posted today

Fall River, Bristol County, Massachusetts

ℛ[ƎVO˩]ution
"When one gets in bed with government,
one must expect the diseases it spreads."
‎"It's not like I'm a powerful person. My ideas are."

Third party payers

Hospitals pass bogus bills on to the insurance companies and see if anyone is looking, all those mistakes add up and not all are caught.

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RON PAUL 2012

The Cure Is Personal Responsibility

The obvious cure is a free market and consumer oversight, such as provided at Whole Foods, with their healthcare savings accounts.

You can bet any consumer paying out their own money will look at the bill.

IMissLiberty