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| *Loan,banking and credit>>>insurance industry |
Are insurance & pharmaceutical industries price gouging? |
If the doctors aren't overpaid and to some degree Hospitals are price gouging (gotta love those $100 aspirins) then is it the insurance & pharmaceutical companies who have America bent over a barrel? Read the transcripts of the 2000 Presidential debates. Bush said many times he was going to make prescription drugs available Or Health care more affordable. This was an early indicator of who was funding his election. When you make drugs more affordable you are actually selling drugs at tax payer expense. If that is the case then why block health care for everyone and provide for the target voting block ..AARP Go Team Red Go Bingo. And that's what could and should be worked with!!!! Vote those out of office who have their fingers in the till. :) That would make most of the 'bad stuff' go away. No, its ambulance chasers and frivalous lawsuits that do this. Yes absolutely. The free market is generally regulated to a peak price at which consumers no longer find a service worthwhile, but in the case of life-saving medical attention, there's no possible limit- they have to pay whatever is asked, in order to survive. Yes they are. I have a problem trusting any industry, that has the ability to just raise prices to maintain profits, because they know you can't do without, and consider anything under a projected margin as a loss in profit. Anyone knows, that any real business, in a free market, experiences profit gain and loss, and they roll with the blows. the industies you mentioned don't have to roll with the blows, because they force the consumer, that cannot do without, to do so. Even in cases of malpractice, when the insurance company starts losing profits, they jack up the prices across the board, rather than just the bad doctors. Um, I was charges $45 for EACH baby Tylenol my daughter got when she was in the hospital...so yes there is major gouging. Keep in mind that 15%- 7% of you bill goes to malpractice insurance too. Healthcare is expensive, that doesn't necessarily mean someone is gouging. Consider how many Billions of dollars a pharmaceutical company spends trying to develop a drug to make millions of peoples lives better, then the drug may or may not get approved. If it gets approved and millions of suffering humans can benefit from it, people want to penalize and demonize the company that brought them this breakthrough, risking millions or even Billions to develop it, exposing themselves to hundreds of millions in potential lawsuits if there are any undiscovered side effects and they are only allowed to hold exclusive patents on it for 7 years. Cutting edge technology is expensive to pursue, and therefore expensive to you. As far as insurance companies, yes they are making profits, but don't lose sight of the frivolous law suits which are needlessly driving up the cost of insuring anything in the healthcare field. Thank a lawyer. |
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