I posted this question only a few minutes ago, but I forget to mention my opinion... Everyone gives the jab to someone or some institution, but there is one culprit that stays hidden behind the bushes. That would be the education system. Education? Yes, I'm blaming the education system that gives us the doctors and lawyers and CEOs. How do you expect a doctor to not hike up his rates when he has to take out approximately a half million dollars to attend medical school or dental school? And those are the low-level doctors. Think of the surgeons, who require about four years more of schooling. They will have taken at least half a million dollars, but probably more, by the time they graduated. And the tuition rates are not stagnant, they correlate with the rise of healthcare costs. For example, I'm going to law school next year, and the tuition for my school has jumped about 15-17% for next year alone. If I am more in debt, why would I not charge more? Lawyers and doctors go to school to make a good living, not to be indebted slaves. The problem is that it really does not cost 50,000 dollars to attend law school, and it definitely does not cost 100,000 dollars to attend medical school. These figures are justified on the basis that these students will rack up millions over the years, so they can afford to pay the hefty tuition. But where are they making the millions from? From customers - from me and you. Do we have a choice? Not really. If my tooth hurts enough, I'd rather get rid of my cell phone than cringe everytime I bite. But the schools do have a choice. Maybe the dean of the school doesn't need to earn 300,000 a year. I'm not sure exactly what they do will all the money they make off the students, but I think you can agree with me that it seems suspect. Education should not be this expensive.
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I agree...but also new technology and drugs that aren't necessarily more effective (but are more expensive) are also the culprit. Also, doctors sometimes test more than they need to (and perform unnecessary procedures) in order to avoid lawsuits and to make more money. Also there are no real price controls. Patients don't really shop around for the best value. They just assume that the newest most expensive treatment is the best. This assumption is wrong and getting theses procedures causes the insurance company to put out more money which results in insurance premiums rising. With no price controls and no incentives to make treatments affordable, companies can charge ridiculous prices.
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Do you know why health care costs are skyrocketting?
Thursday, February 24, 2011
Posted by
Bobby vaizZ
at
8:15 AM
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