RE: Hospitals in the Unied States are ripping people off! Corrupt healthcare system...
I'm allergic to bee stings and must carry an epipen to literally save my own life. They have gone from $100 to $600 recently. it costs about $3 to make.
So what is causing this run away price gouging?
1)malpractice insurance. It is high because America is one of the most litigious countries on earth. Say I got an infection from using an epipen. I would wager I'd get at least $10,000 if I sued.
2)Corporate profit motive and excessive executive compensation. in the Medicare program about $.03 out of every dollar goes to administration costs. For private health companies that is $.34 of every dollar.
So what my solution? We euthanize the private healthcare system. Extend Medicare to medicare for all and then limit malpractice to actual losses(cost incurred plus loss of wages).
If you think we can't afford that we already spend twice per person on total healthcare cost compared to countries like the UK and Japan and have worse outcomes( meaning we die sooner). No country that has instituted single payer has repealed it because it works.
Yea there are too many 3rd insurance companies(that need to be eliminated) that are scamming people and it should be only 1 government insurance .