Re: Canadians, a couple of questions about health care

From: notritenoteri (caldasfire_at_hades.com)
Date: 12/29/04


Date: Wed, 29 Dec 2004 16:27:02 -0500

where does the other 80% come from assuming say 20% does come from the
consumer. Are the insurance companies in the business to lose money?
"Kurt Ullman" <kurtullman@yahoo.com> wrote in message
news:tnmAd.11522$RH4.253@newsread1.news.pas.earthlink.net...
> In article <otr3t0t8r348u1bf7e8ecnnq31cm3uh54n@4ax.com>,
> nospam@pacbell.net wrote:
> >On Tue, 28 Dec 2004 19:33:12 GMT, kurtullman@yahoo.com (Kurt Ullman)
wrote:
> >
> >> Nonsense. The sky has limits, the problem is that almost
> >>80% of American Healthcare costs are NOT paid by the patient. So,
> >>when you get a buck worth of something for 20 cents you are gonna
> >>demand the whole enchilada and scream if you don't get it.
> >>
> >
> >Who pays it if not the patient.
> >
> In teh US mostly employers and to a lesser extent Mcare and
> MCaid.. Studies have shown consisently over the last 20 years at
> least (look at the yearly reports from the office of the Actuary of
> Medicare..although it looks at the entire HC system.. in Health
> Affairs magazine). The out-of-pocket expense for healthcare in the
> US (INCLUDING the o-o-p part of the insurance premiums) is less than
> 20%. For every dollar spent, only 20 cents comes directly from the
> person's pocket.
> Interesting side report. If you look at changes since '60 (when
> it was just over 50%) you will note that as the %age of o-o-p
> expense went down, the costs of healthcare as % of GDP went up.
>
> --
> Diplomacy- The art of telling someone to go to Hell in such a manner that
they
> actually look forward to the trip.



Relevant Pages

  • Re: OT: Oh Crap this will make me vote for Obama
    ... You'll be able to keep you money Joe." ... on small business income; and if also on business, ... addressed those assembled about this very issue, managed care. ... insure that insurance companies will not have final say as to who can ...
    (rec.arts.marching.drumcorps)
  • Re: To our UK, Lebanese, & Egyptian brothers
    ... insurance companies all charge as much as they feel they can get away with ... ... I understand they are in business to make a profit, but I don't have to contribute to that profit. ... A lot of people thought they understood the stock market, and they were riding high for a few years, gambling wildly often with borrowed money. ... Many on here have argued that I should vote because to not vote means I don't have a reason to complain if things don't go my way. ...
    (alt.marketing.online.ebay)
  • Re: OT. Grab your wallets, here come the Dems
    ... money in your pocket? ...  None of our business (unless we ... banks and insurance companies. ...
    (rec.motorcycles)
  • Re: Transportation and the energy economy, was Re: Just an FYI....Atlanta Police stalk Critical Mass
    ... Most of the wealthy people I know are very ... I know many from my business and community work. ... If we took all the movers and shakers who serve on non- ... money they have, has more than 7 days in every week. ...
    (rec.bicycles.tech)
  • Re: (also for /) on Failure rates....
    ... find on Amazon.com as a used book for very little money. ... proof of the triump of theivery over business. ... Debunking Economics: The Naked Emperor of the Social Sciences ... employee you are on the losing end of the deal. ...
    (sci.research.careers)