So -- Why does healthcare cost so damn much? (warning: novel-length post)

#76
#76
utvolpj said:
no one said anything about entitlements but the fact is more educated/skilled people are paid more. One would hope the fools in that profession get weeded out early enough
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That's where malpractice insurance keeps those fools in business.
 
#77
#77
JayVols said:
Do tell, then.
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I don't know the whole story and am not going to look it up, but I don't remotely buy that your two sentence synopsis is the entire story.

Secondly, your view of using temp monopoly power to make hay as immoral is problematic for me.
 
#78
#78
g8terh8ter_eric said:
That's where malpractice insurance keeps those fools in business.
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not many will go thru the education part, become bad doctors and stay around long enough. If you're good then people will know your name. I know we've picked 3-4 doctors over the past couple of years because of their experience and reputation. I also bypassed some because of the same
 
#79
#79
BigPapaVol said:
I don't know the whole story and am not going to look it up, but I don't remotely buy that your two sentence synopsis is the entire story.

Secondly, your view of using temp monopoly power to make hay as immoral is problematic for me.
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Cost Spike of Preterm Labor Drug Is Outrageous - FoxNews.com



excerpt: But for the government to give the exclusive rights of the drug to a single company who now wants to significantly profit from the manufacturing of this drug is quite alarming, inappropriate and immoral.
I know that one of the rationales that KV Pharmaceutical is giving for the price hike is that the cost of care for a premature baby is estimated to be, on average, $51,000 in the first year alone.
However, this drug is not expensive to manufacturers, as proven by the independent pharmacy services who have been providing this drug for as little as $10 per injection
 
#80
#80
g8terh8ter_eric said:
I noticed you listed it in the order or money then people. Was that on accident, or just your true thoughts on why people go to med school??
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of course it's money. What difference does it make? The best of students get to pick and choose schools and med school is a very good way to assure a very good living. To the extent that the money dries up, the best students will find another place to go.
 
#81
#81
BigPapaVol said:
I don't know the whole story and am not going to look it up, but I don't remotely buy that your two sentence synopsis is the entire story.

Secondly, your view of using temp monopoly power to make hay as immoral is problematic for me.
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I could possibly agree with this statement IF they had incurred R&D costs. They did not. The drug has been around for 20+ years. They did not change the formula or make it more effective. They filed exclusivity rights because no one had before, and voila. 1,000's of % hike in price. It was that simple.
 
#82
#82
droski said:
do you realize how much debt people have when they come out of med school? you can be the most charity filled person on the planet and still not want to take on that debt to become a doctor if it pays poorly.
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That's why they make evaluations. Jobs shouldn't have salaries based on previous school debt.
 
#83
#83
JayVols said:
However, this drug is not expensive to manufacturers, as proven by the independent pharmacy services who have been providing this drug for as little as $10 per injection
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and have been told they can continue to provide it for that lower price. But I would still take the expensive drug if given the chance to save $20k with its use

JayVols said:
They filed exclusivity rights because no one had before, and voila. 1,000's of % hike in price. It was that simple.
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it actually had been before. Where were these good companies when it became free again to take over and produce it for the good of the people?
 
#84
#84
g8terh8ter_eric said:
That's why they make evaluations. Jobs shouldn't have salaries based on previous school debt.
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jobs have salaries based upon prevailing market conditions and those hiring newly minted docs have to deal with grad school debt load as a part of those conditions.
 
#86
#86
BigPapaVol said:
of course it's money. What difference does it make? The best of students get to pick and choose schools and med school is a very good way to assure a very good living. To the extent that the money dries up, the best students will find another place to go.
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Well, if it's about money then, there's your answer to why it costs so damn much. Guess doctors view health care as a luxury then, if that's the reason they go to school.
 
#87
#87
g8terh8ter_eric said:
That's why they make evaluations. Jobs shouldn't have salaries based on previous school debt.
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where is this happening? They are highly educated and desired employees. That's why they get paid the money they do.

If I get my MBA and then get hired at a high salary at an investment firm are they doing it just so I can pay off college debt?
 
#88
#88
g8terh8ter_eric said:
Well, if it's about money then, there's your answer to why it costs so damn much. Guess doctors view health care as a luxury then, if that's the reason they go to school.
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I didn't ask the question. I don't think the docs are the reason the costs are so high. They make great money, but Big Pharma and the hospitals rake in enormous piles of money.
 
#89
#89
g8terh8ter_eric said:
Well, if it's about money then, there's your answer to why it costs so damn much. Guess doctors view health care as a luxury then, if that's the reason they go to school.
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law school and mba programs cost a lot as well. difference is that medical school is 3 times as long.
 
#90
#90
To ignore the main point and focus on a detail, I don't think a C-section is three times likely to result in the infant's death. There might be three times as many deaths in C-section deliveries, but that doesn't necessarily mean the surgery caused it or that the baby would have survived a natural birth.
 
#91
#91
BigPapaVol said:
jobs have salaries based upon prevailing market conditions and those hiring newly minted docs have to deal with grad school debt load as a part of those conditions.
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So, basically we have come to figure out in this thread the basic problem with the health care industry costs. People who are getting jobs in within the industry, are getting paid partially based on education, and partially based on person debt they have incurred. I mean, are doctor's educations federally insured like most all other student loans are?? If so, that even brings starting them out a a inflated rate based anything on debt to a higher foolish level.
 
#92
#92
g8terh8ter_eric said:
So, basically we have come to figure out in this thread the basic problem with the health care industry costs. People who are getting jobs in within the industry, are getting paid partially based on education, and partially based on person debt they have incurred. I mean, are doctor's educations federally insured like most all other student loans are?? If so, that even brings starting them out a a inflated rate based anything on debt to a higher foolish level.
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done
 
#93
#93
droski said:
law school and mba programs cost a lot as well. difference is that medical school is 3 times as long.
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4 year Bachelor's degrees aren't exactly cheap anymore, even for in-state students at public universities.
 
#94
#94
utvolpj said:
and have been told they can continue to provide it for that lower price. But I would still take the expensive drug if given the chance to save $20k with its use



it actually had been before. Where were these good companies when it became free again to take over and produce it for the good of the people?
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Pay an exhorbatent price for the same medication? I know you to be a good fella, pj, but I have difficulty thinking that one could really feel that way.

I may be wrong about this assumption, but I have a really hard time thinking that the company will continue to allow compounding pharmacies to continue making the drug while their supplies gather dust on their shelves and lose money.
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#95
#95
BigPapaVol said:
I didn't ask the question. I don't think the docs are the reason the costs are so high. They make great money, but Big Pharma and the hospitals rake in enormous piles of money.
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I'm not disputing Big Pharma and the hospitals, but the hospitals hire these docs at inflated rates, so the market rate jumps up every year, just like education costs. Hmmmmmm.
 
#96
#96
g8terh8ter_eric said:
People who are getting jobs in within the industry, are getting paid partially based on education, and partially based on person debt they have incurred.
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no. Please link where that is asked in any interview for a doctor
 
#97
#97
g8terh8ter_eric said:
So, basically we have come to figure out in this thread the basic problem with the health care industry costs. People who are getting jobs in within the industry, are getting paid partially based on education, and partially based on person debt they have incurred. I mean, are doctor's educations federally insured like most all other student loans are?? If so, that even brings starting them out a a inflated rate based anything on debt to a higher foolish level.
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not sure i get your point. it cost money to go to school. are you arguing doctors should get less training? their training is higher. it's highly competitive to get said training. therefore they are paid well. supply and demand at it's best.
 
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#99
#99
JayVols said:
Pay an exhorbatent price for the same medication? I know you to be a good fella, pj, but I have difficulty thinking that one could really feel that way.
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I just paid a couple thousand for a prenatal test that could have been done 4 weeks later at 1/4 the price (and covered by insurance without issue) because we felt we needed to do it. Still arguing a bit with the insurance co on it but if I end up paying out of pocket then I truly won't care one bit

JayVols said:
I may be wrong about this assumption, but I have a really hard time thinking that the company will continue to allow compounding pharmacies to continue making the drug while their supplies gather dust on their shelves and lose money.
Posted via VolNation Mobile
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I don't think they have a case. I don't believe something already in common use will be allowed to become an exclusize right to the company. The FDA did what needed to be done in this case (and set a nice precedent)
 
#100
#100
g8terh8ter_eric said:
I'm inferring it based on everyone saying that people go broke going through med school. So, show me where I am wrong.
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people saying that med school costs a bunch of money is not the same as saying hospitals take that into account when they set salaries. You're just making the claim without any proof whatsoever. Hard for others to prove something doesn't exist
 
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