What is the reason for high health-care in United States?

What is the reason for high health-care in United States?

We have Big-3 Auto makers executive visiting White House to discuss, rising healthcare, pension, unfoavourable exchange rates and high cost of steel. My employer just raised my premium to $3K per year.Doctors don'-t make money the way they used to in 80s? Hospitals are shutting down everywhere except FL? Insurance companies like Aetna, Cigna stocks are not rising rapidly. What is the reason for this high healthcare cost? Are we all too sick, fat and unhealthy? Or is it illegal immigrants are exhausting all healthcare institutions and medicaid?


Because no one pays their own health care costs!We expect everyone else (gov't, insurance companies, our employers) to pay for our medical care.Because of this we demand the best available care and we don't care about the price. The market forces of competition are absent. There is no incentive for us to shop around for the best price for health care.Another factor is too much gov't regulation. Not every medical issue requires a full M.D. Why can't I go see someone less trained and educated for minor issues?Yet another factor is the legal system has greatly increased costs due to constant mal-practice suits and judgements beyond all reason. The medical establishment does tests not needed just to prove they covered all the bases. Malpractice insurance keeps getting more expensive, thereby driving up our costs.Still another factor is that illegal immigrants get free health care, at the medical establishments expense, because they are not allowed to turn them away.There are many reasons for the high health care costs. Any true reform will have to address them all.


The pharmaceutical lobby is the main problem. It costs pennies to make the medicines but they force the buyer to pay many times their cost. They sell the same drugs for less in Canada and Mexico. We need a universal health care plan just as good as other civilized countries have.




Oh c'mon. There are probably many more reasons than our own unhealthy lifestyles and the effect of undocumented immigrants. I'll try to think of two more.How about our aging population? People are living a lot longer than they used to, and it is often late in life, when we are no longer working and when we spend lots of money on health care. The baby boomers are reaching 60, aren't they? So just watch this trend accelerate from now on.Malpractice insurance. Maybe lawyers have gotten too good at their jobs or people these days are more inclined to sue than other generations were. Either way, malpractice insurance is expensive and is a non-negligible component of our health care costs because doctors pass its high price on to us. They have to or they would go out of business. Of course, we could legislate this away through tort reform, but do you want to take that chance in case your doctor screws up someday? Maybe we could make doctors more careful? I've never heard anyone talk about this one. I guess we may already be at some natural minimum there, since we humans are bound to make mistakes, right?


1 - An aging population that will only get older and more populous.2 - Ridiculous malpractice insurance.3 - Modern medicine can add decades to our life. That takes money.4 - Groundbreaking new technology and procedures. Heart stints and gastric bypass surgery, for example.5 - Today, cost over $800 million to develop a new drug. In 1987 the average cost was about $230 million.http://csdd.tufts.edu/NewsEvents/RecentN…6 - End of life care cost a fortune. People used to just die. (really)7 - Families no longer take care of their parents and grandparents. They just drop them off at the nursing home.8 - Congress and states have forced insurance companies to cover certain things, whether you want it or not. This is included in the price of premiums.9 - MEDICARE is over 120,000 pages of regulations (Yes, you read that right) It takes an army of lawyers and accountants to figure them out. Hospitals/Doctors have to pay those salaries. Those cost are passed on to you.10 - The U.S. simply needs to graduate more doctors and nurses.If you want a solution, it takes only one law:"We, Congress, hereby admitting that we possess no knowledge of health care and pass health care legislation for the sole purpose of buying votes, revoke every piece of health care legislation ever written, and due solemnly swear upon punishment of death to never pass any new legislation pertaining to health care.".Source(s):MD/MBA



Popular Q&A

What are some things you should check on your vehicle before going on a road trip?
1. Here is what I do before getting in my car for ordinary driving, like to get groceries, go to work, go home etc. or at least once a day.2. Then there is what I do before a short out of town trip, where I might be going like 60-100 miles one way, then come back a few days later.3. Then what...

Does anyone know where I can get a 1 month contract with an auto insurance provider?
You can't. Each state sets the minimum contract time, and the minimum contract time in ANY state is six months.The good news is, if you cancel the insurance before the six months is up, you can get a partial refund of the insurance.Source(s):agent, 21+ years

Do you think buying divorce insurance before marriage is a wise thing to do?
First let me make sure you understand that WedLock Divorce Insurance is nothing like a prepaid legal plan and a prenuptial agreement is ALWAYS a good idea. That said, no one wants to believe that their marriage will ever end in divorce. Unfortunately, that "I'm special, it'll never happen to...

When changing auto insurance companies, am I bound by law to show the new policy to the old insurance company?
If you were to have asked Farmer's to cancel as of a previous date -and had NO replacement coverage as of that requested cancel date, then Farmers would have been allowed to charge you up until the date you actually requested cancelation. If you had already paid the premium in advance, you'd...

How can I set up my own insurance business?
I am going to guess you are a 2-20 based on your comment about Home insurance. It is recommended but not mandated you at least work for an agency for about 1-2 years to get a general idea of how the market and insurance works.Reason is I mentored many licensed agents who were wonderfully book...