hmm -- the secretary of health and human services said on NPR this
morning that at least part of the core problem is that insurance
companies spend up to 30% of premiums on administrative costs.

Comment?

On Mon, Jun 15, 2009 at 8:13 PM, Gruss Gott<[email protected]> wrote:
>
>> Dana wrote:
>> equipment is not going to make the hospitals not buy it, In fact, if
>> the costs have to be amortized over fewer patients, the cost of using
>> it might go UP.
>>
>
> Airplanes cost hundreds of millions.  Pilots have YEARS of training,
> and train yearly in multi-million dollars simulators, and earn 6
> figure salaries.  All day long it takes at least 2, but usually more
> of these crew.
>
> The aircraft are routinely (daily) serviced by multiple crews and
> teams supported by, in the case of say a 747, millions of pages of
> documentation all meticulously maintained and logged by teams of
> staff.
>
> A flight from LA to NY pre-deregulation cost about $1500 adjusted for
> inflation.  Now it costs ~$500.  And that's including the HUGE
> variable of fuel price.
>
> But, hey, look at it this way: what's the alternative?
>
> As I've said, the core problem is that providers charge more than
> patients can afford, and changing who pays the bills won't stop that.
>
> The only way I know to bring down costs in a way that works for
> consumers is using the market.
>
> 

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