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re: Treatment for infant muscle wasting disease to hit market. potential price: $2 million
Posted on 5/7/19 at 9:57 am to LSUFanHouston
Posted on 5/7/19 at 9:57 am to LSUFanHouston
quote:
However, the problem isn't the doctors and their "calling." The problem, to the extent there is one, is 100 percent of the pharmaceutical companies, and an increasing number of hospitals, insurance companies, and other medical facilities, are privately owned. And a huge number of those are publically traded.
When you are a public-traded company, maximization and growth of profits are the number 1 priority. Traditional medicine was about what was best for the patient, now it's what is best for the shareholder.
That is the problem, but i'm not sure anyone is interested in fixing it, or even consider it to be a problem.
Posted on 5/7/19 at 10:03 am to TeddyPadillac
quote:
but i'm not sure anyone is interested in fixing it, or even consider it to be a problem.
The only solution I've heard is to have the government take it all over, which I think given our current government system, is simply swapping out one set of problems for another.
To me, the solution is to get rid of all of the HMO, PPO crap, and to get rid of the system in which a provider charges $1000 for a hangnail, but the insurer only agrees to pay them $75, so they accept it, and $25 of that $75 comes from the patient.
All this system does is add more confusion to the process.
Get rid of the funny math. Let the doctors and providers charge what they need to. Have the patient pay for part of it and the provider pay for the rest. You know, the system that works for every other form of insurance we have.
If everyone knew from the jump that this type of treatment, in reality, is going to cost $100,000... then we can have reasonable discussions about how to fund that. Putting a $2 million number out there that is 100 percent BS just clouds the issue and freaks people out.
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