The GPs aren't the problem, either.
Where is the excessive profit in HC? Certain specialties? Hospitals? SNF? Pharmacies? Insurers? Whats a BKF approved profit margin in health care? Is there one?
The GPs aren't the problem, either.
Obviously, you already privately understand what I am talking about...or you couldn't have named so many of the obvious candidates: Specialists, Pharma, Insurers & Hospitals, etc.
Obviously, you already privately understand what I am talking about...or you couldn't have named so many of the obvious candidates: Specialists, Pharma, Insurers & Hospitals, etc.
That is such a broad question as to be unanswerable. Let's just say considerably less than it is now.
And this problem is not a recent one. I will give you an example. Way back in March of 1990....24 years ago....an elderly (86-years old) silent partner in our family business fell ill while at a dinner at the Pinewood Country Club south of Asheboro on Thursday night, March 29th. He was taken by ambulance to Cone Hospital in Greensboro, where he died on Saturday, March 31st....less than 48 hours later. His total hospital bill was almost $50,000.
Where is the excessive profit in HC? Certain specialties? Hospitals? SNF? Pharmacies? Insurers? Whats a BKF approved profit margin in health care? Is there one?
Hospital margins are 5.5-7.5%. Average SNF margins are 1.8%.
Billed = cost for a person without insurance
Allowed = cost for a person who has insurance
"Profit" is a curious word.
How many millions do the top managers make at insurance companies? How many millions are wasted on marketing? How many millions are spent on meetings/conventions?
"Profit" is a curious word.
How many millions do the top managers make at insurance companies? How many millions are wasted on marketing? How many millions are spent on meetings/conventions?
Of the three things you mention, compensation of top managers throughout the healthcare and healthcare insurance industries is something I also question. The consolidation of facilities (hospitals, clinics and SNF's) by large companies has produced some really big compensation packages. One way of controlling this from the Medicare/Medicaid standpoint is limiting the % of allowable costs going towards administrative costs.
Which results in an entire industry making big bucks figuring out how to circumvent those rules.
Seriously, just go to single-payer and have done with it. Private insurance is a sucky way to deliver health care, tying it to employment is a burden on the private sector, and Obamacare doubles down on all the suck and adds an extra layer of cost spread like bad jelly on top of it.
Not sure you understood that I was referring to providers, not insurance companies.
Haha, okay. Does that include the write-offs that the provider takes when the person without insurance doesn't pay all or any of it?