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The Choice: A Longer Life or More Stuff (Health Care Costs Soar)
New York Times ^ | 27 September 2006 | David Leaonhardt

Posted on 09/27/2006 1:55:15 PM PDT by shrinkermd

...The average cost of a family insurance plan that Americans get through their jobs has risen another 7.7 percent this year, to $11,500, according to the Kaiser Family Foundation. In only seven years, the cost has doubled, while incomes and company revenue, which pay for health insurance, haven’t risen nearly as much.

...An industry that once defined the American economy, meanwhile, is sinking in large measure because of the cost of caring for its workers and retirees. For every vehicle that General Motors sells, fully $1,500 of the purchase price goes to pay for medical care. “We must all do more to cut costs,” G.M.’s chief executive, Rick Wagoner, said on Capitol Hill this summer while testifying about health care.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Politics/Elections
KEYWORDS: care; costs; health
The answer is stop loss insurance paid by taxes. A cutting score could be the 95 percentile. That is most medical bills in a given year would be the responsibility of the individual and insurance vendor. Those costs exceeding the 95th percentile would be the responsibility of the stop loss insurance.

In 1991 this was proposed by a man whose name I forgot. At the time 95% of all yearly medical bills were less than $2500.

1 posted on 09/27/2006 1:55:16 PM PDT by shrinkermd
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To: shrinkermd

Allow insurance companies to give patients "kick backs" for saving them money for medical cost from the previous year. That puts the customer back in the driver's seat and eliminates a lot of measures currently being taken to protect doctors from lawsuits (unnecessary test and suchlike).


2 posted on 09/27/2006 2:06:43 PM PDT by Jaysun (Idiot Muslims. They're just dying to have sex orgies.)
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To: shrinkermd

If you want a longer life, stay out of the healthcare system if at all possible.


3 posted on 09/27/2006 2:08:23 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: shrinkermd
When I called my 78 year-old Mother this morning, she told me that she and her 87 year-old boy friend were going to their Podiatrist today to have their toenails cut. They do this monthly.

Apparently, if you're old enough and if you can convince your doctor that you can't cut your toenails yourself, Medicare will pick up the tab.

Both my Mother and her boy friend are fully capable of cutting their own toenails. But their attitude is why should they when the government will pay for it and when they can turn it into a date.

My Mother, her boy friend and the Podiatrist have some sweet deal going there.

Medicare is definitely out of control.

4 posted on 09/27/2006 2:18:24 PM PDT by Rum Tum Tugger
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To: Rum Tum Tugger

I just love the fact your mom has a boyfriend!!!!!!


5 posted on 09/27/2006 2:31:48 PM PDT by Kimmers
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To: Rum Tum Tugger
My 87 YO mother-in-law (not diabetic, BTW) ended up with infected toe as a result of a poorly cut nail.

The infection traveled *really* fast, Monday we looked at the foot and the area was a bit red, Thursday we looked and a bone was exposed!

The result was a hospitalization to adminsiter IV antibiotics (they managed to save her foot).

For elderly people with poor peripheral circulation this is a real problem, and advoiding one trip to the hospital for 10 days will pay for a LOT for podiatrist visits.

6 posted on 09/27/2006 3:23:21 PM PDT by M. Dodge Thomas (More of the same, only with more zeros at the end.)
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To: Jaysun

you will find your suggestion in the evil prescription drug program where medical savings accounts do what you suggest - that is to say it pays people to stay healthy and not use their money at the doctor.


7 posted on 09/28/2006 7:33:27 AM PDT by q_an_a
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To: shrinkermd

8 posted on 10/17/2006 4:17:29 AM PDT by rhema ("Break the conventions, keep the commandments." -- G. K. Chesterton)
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