Most Expensive Healthcare in the World; Lawsuits No Factor
As if we needed another study proving that malpractice lawsuits have nothing to do with the skyrocketing malpractice insurance premiums. US citizens pay 53% more per person for health care than any other industrialized country. And in spite of the political rhetoric being tossed around by the current administration and in Springfield, malpractice lawsuits have little impact on these high costs.
This study, compounding upon previous studies, shows that the effect of lawsuits on health care costs is minimal. Medical malpractice actions (including payouts and costs of defense costs) account for less than 1% of spending. Defensive medicine, the idea that doctors perform unnecessary tests to cover their tails, makes up no more than 9% of total spending.
"What we said three years ago and still reiterate is, it's prices, stupid," said Dr. Gerald Anderson, lead author of the report and a professor at Johns Hopkins Bloomberg School of Public Health.
Read the complete article in Investor's Business Daily here.
I've managed to save up roughly $40305 in my bank account, but I'm not sure if I should buy a house or not. Do you think the market is stable or do you think that home prices will decrease by a lot?
It's unfortunate that US citizens pay 53% more per person than any other industrialized country. I hope Bush will work to improve conditions as we are in a major crisis.
Financial Crimes are not unknown in the health care industry. Until recently the concept of money laundering has generally been relegated to the periphery of business crimes involving the mob and drug lords trying to "clean" the source of ill gotten gains