Forum Post: Wall Street owns medical
Posted 13 years ago on Oct. 11, 2011, 2:22 a.m. EST by Nevada1
(5843)
This content is user submitted and not an official statement
Big corporations now own the medical system. The retail charge for medical is very high and exclusive. The insurance company actually only pays a fraction of the retail bill. However, the price of medical insurance is based on the retail price.
If the system were honest about the actual costs, and insurance was priced accordingly, more of us could afford medical insurance or just pay the bill ourselves.
And with all this going on, the quality of US medical ranks low among industrialized countries.
The extreme exclusion of people from medical for the sake of making unreasonable profit is a "crime against humanity", and should be dealt with as such.
Hi rawrr, The quality of US medicine is ranked 37th among industrialized nations, by the World Health Organization. Both availability and quality of US medicine has diminished since big corporations bought medical, and formed this intigrated insurance/medical complex.
Insurance pays only a fraction of the inflated retail price, while the individual gets beaten. There are people who pay for insurance for years, use it once, and it gets canceled.
New cure, old cure, the CEO does not care if you live or die. The CEO cares about building that private golf course.
Hi Thoreau42 and Vizenos, You made good points on this issue.
Absolutely! As a 70 year old diabetic, I can't afford my medications. They are not covered by Medicare. How many other people are dying because our system neglects them?
Imagine how much the price of medicine would go down if we weren't paying billions of people who do NOTHING but tell you what coverage you can have, in office buildings, every year. Without any health insurance system, due to technical advances, most things people need to get care for would be ridiculously cheap.
The only reason there is medicine in the first place is because these 'big corporations' spent billions of dollars on research and development. If the retail charge wasn't as high as it is, then there would be no NEW cures. So it is essentially paying for the actual costs, not necessarily for the cost of the products, but of all the time the scientists spent to develop the medicine.
Additionally, US medical is good; however, the health of people in the US is lower because of things like obesity, smoking, and other such factors, which do not actually relate to the quality of medical attention.