Quote:
Originally Posted by BornintheSprings
Insurance Companies
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especially to include government insurance
and the tons of regulations that make it so expensive (FDA)
The U.S. “health care cost crisis” didn’t really start until around 1965. The government increased demand with the passage of Medicare and Medicaid while restricting the supply of doctors and hospitals.
Since the early 1900s, medical special interests have been lobbying politicians to reduce competition. By the 1980s, the U.S. was restricting the supply of physicians, hospitals, insurance and pharmaceuticals, while subsidizing demand.
In 1925, prescription drug monopolies begun after the federal government started allowing the patenting of drugs. These drug monopolies have also been promoted by government research and development subsidies targeted to favored pharmaceutical companies (liberal cronyism )
1945, buyer monopolization begun after the McCarran-Ferguson Act led by the Roosevelt Administration exempted the business of medical insurance from most federal regulation, including antitrust laws. (States have also more recently contributed to the monopolization by requiring health care plans to meet standards for coverage.)
1946, institutional provider monopolization begun after favored hospitals received federal subsidies (matching grants and loans) provided under the Hospital Survey and Construction Act passed during the Truman Administration. (States have also been exempting non-profit hospitals from antitrust laws.)
1951, employers started to become the dominant third-party insurance buyer during the Truman Administration after the Internal Revenue Service declared group premiums tax-deductible.
1965, nationalization was started with a government buyer monopoly after the Johnson Administration led passage of Medicare and Medicaid which provided health insurance for the elderly and poor, respectively.
1972, institutional provider monopolization was strengthened after the government started restricting the supply of hospitals by requiring federal certificate-of-need for the construction of medical facilities.
1974, buyer monopolization was strengthened as the government after the Employee Retirement Income Security Act exempted employee health benefit plans offered by large employers (e.g., HMOs) from state regulations and lawsuits (e.g., brought by people denied coverage).
1984, prescription drug monopolies were strengthened during the government again after the Drug Price Competition and Patent Term Restoration Act permitted the extension of patents beyond 20 years. (The government has also allowed pharmaceuticals companies to bribe physicians to prescribe more expensive drugs.)
2003, prescription drug monopolies were strengthened during the liberal (big government) Bush Administration after the Medicare Prescription Drug, Improvement, and Modernization Act provided subsidies to the elderly for drugs.
2014, nationalization was strengthened after the Patient Protection and Affordable Care Act of 2010 (“Obamacare”) provided mandates, subsidies and insurance exchanges, and the expansion of Medicaid.
Get rid of the FDA.
Simple. Let the Internet be a virtual FDA. A drug will have a web page, a scientist with verified credentials will document his research, and comments from users will describe their experience with a drug. currently (today) Many people die and get sick from FDA-APPROVED(!) drugs.
by getting rid of the FDA will save the billion dollars and will allow drugs to be quickly tested by the audience that needs it most – people dying of terminal diseases.
These people will quickly report back if there is success and we’ll know what works and what doesn’t. If there are bad stories then it’s a guarantee we will hear about them. And it won’t require a billion dollars and ten years to hear about them.
then there is this
https://www.cnn.com/2017/11/07/healt...udy/index.html
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