JoeB131
Diamond Member
I know people who get Masters Degrees and Doctorates who end up working very middle class jobs. So I don't want to hear how the poor doctors are underpaid.
The reality- a major contribution to the runaway costs of medicine in this country is the greed of the practioners.
totally wrong, the major cost drivers are:
malpractice insurance (a friend of mine is an ob/gyn he retired rather than pay 100K/yr for insurance--and he never had a case filed against him)
drug patents and big pharma greed. patents should not last 12 years, big pharma averages 30% profit, the defense industry averages 8%.
hospital greed. aspirins do not cost $5 each.
defensive medicine. unnecessary tests because thousands of greedy lawyers ready to pounce if anything ever goes wrong.
Too many lawyers. that is a problem for our entire society not just medicine
Funny, malpractice isn't anywhere on this list:
Seven Factors Driving Up Your Health Care Costs
Probably because, according to the CBO, malpractice accounts for less than 2% of HealthCare spending.
I did notice he cherry-picked an OB/GYN as an example of "outrageous" insurance costs, when that is the highest-risk speciality.