Todd, those are some great points! How much does insurance play in increasing costs (tort reform issue) and trade unions which drives wages high ceilings for baby boomer care providers over their career salary scale? Also, it seems we all need to pay minimum liabilty insurance similar to auto to offset catstrophic care and people-underinsured-pool risks are similar to what many States model to the range of work injury, etc.?
Comment this is ridiculous. I will be at least 90% of the people reading this don't know that Medicare and Medicaid underpay Hospital of about 20% of the cost. Yes, that means that the hospital lost an average of about $ 0.20 for every dollar cost to treat Medicare and Medicaid recipients.
Soooo, a mix of hospital patients is about 70% of the Medicare and Medicaid; more and more people are living longer and qualifying Medicare (Baby Boomers); Plus passed legislation last year dramatically increase eligibility for Medicaid. And happen to Medicare and Medicaid recipients among America's most pain.
So how does U.S. Hospital made a difference?? Drumroll please … …. Yes, it is true that the cost of our employer insurance and the company significantly more and more … and more.
So how does insurance pay these costs increased by hospital???? Drumroll please….Yes, they increase the premium!!