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Quackwatch Founder Launches Site to Debunk Health Care Reform Myths

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Mad Prophet Ludwig9/09/2009 11:35:30 am PDT

re: #226 Gus 802

Also see:

Report Suggests Malpractice Insurance Price-Gouging

Like I said, I have relative who work for 3 to 6 months out of the year to pay it off.

Of course it drives up prices. They also have to pay off their student loans. As to dealing with regular insurance there is always a kind of car haggling that goes on. Between the doctor and the insurance company.

Say it cost the doctor x to do a service. X is defined as cost of labor, time material and some profit, (s)he does need to feed a family and pay off loans.

If the doctor were to charge the insurance company for x, (s)he would immediately be given a counter offer around .25 x.

So the doctor charges 2-3x and if (s)he is lucky receives .9x.

It is a totally messed up system we have and the profit motive, rather than promoting better care in the case of the insurance companies stifles it.

Another great flaw in our system as per malpractice itself is that it is always cheaper to kill the patient. If someone looses an eye or gets disfigured, you can expect settlements in the millions.

However, a corpse, not there to complain to the jury, gets some hundreds of thousands.

So do consider that the insurance actually makes it cheaper to kill you if things go badly.