...that the US healthcare spend is more than Germany's entire GDP. If US healthcare spend were an economy, it would be the fourth largest economy in the world. The US spends a trillion more on healthcare than the GDP of the entire United Kingdom. Crazy to think about the sheer scale.
One of the craziest stats I realized during the pandemic was that the state of California's GDP would rank around 5th globally just behind Germany and ahead of the UK, India, and France. Texas' GDP would rank somewhere around 10th or 11th globally, right next to South Korea and ahead of Russia, Brazil, and Australia.
Take a look at how much goes to healthcare administrators, the cancerous parasite leeching off of patients and taxpayers. Justifying their existence by paid dinners and PowerPoint meetings Obamacare reallt ****ed it up, helped large hospitals and insurance companies consolidate more power. Insurance companies, hospital administrators and systems are the only ones it’s good for. Decisions are largely financially motivated and patient centered when gleamed from a perspective of fear of litigation rather than goodwill
When you say healthcare administrators who, exactly, are you talking about? I get the criticism in regards to insurance companies but I'm curious as to why you're lumping the people who run the hospital systems with the insurance companies. The only major connection between the two would be HCSC as they not only have a hand in the insurance sector (BCBSTX and BCBSIL) but also own/operate a huge healthcare system (Steward Health).
all our lives we heard about how horrible "socialized" medicine is and how in european countries everybody hates their health care system and they have to wait 18 months for surgery, ect, ect. then you travel to said countries and most everybody loves their health care system and cant understand why ours is set up the way it is. also, when i saw the thread title i thought it was referencing this bill hicks quote...
pure capitalism, which is what probably what @LosPollosHermanos was alluding to in his post. In a country where most people do not want the government "interfering with their lives" and, by extension, don't like to pay taxes, this is what we as a collective get in terms of healthcare. Another dumbfounding process that makes no sense then in 2003 when it got passed and now in 2022 is the fact that Medicare can't negotiate pricing on drugs. When the country is seeing more people heading into retirement age (thereby exercising their Medicare benefits), it's ridiculous that the government (more specifically the big pharmaceutical companies that is controlling the whole process) can't negotiate pricing on drugs.
No worries. I'm just genuinely curious because I've worked on both the provider and vendor side and I rarely hear any criticisms re: hospital admins being overpaid.
All of the problems you noted were already happening prior to the ACA. There were also many more uninsured people prior to the ACA. I'm presuming this thread is headed to the D&D.
LMAO There is massive bloat on the executive side of Hospitals (and corporate America in general). I counted the VPs at my day job one day and it was 67....SIXTY SEVEN 'vice' presidents! Remember when there was one VP? Now there's Associate VPs, Deputy VPs, Executive VPs...it's a joke. And it's a circle jerk, because they all take care of each other in the event they need help.
If that's what @LosPollosHermanos was referring to--the bloat as you call it--then sure I agree but he alluded to the compensation that they're getting. I mean if you want to say "hospital admins are overpaid because there's so many of them" sure I can go along with that. The problem that I see right now--as someone who works on the vendor side of healthcare--is that you have leadership who isn't in tune with the times, especially with technology. They're TVs trying to exist with an HD antenna in a streaming world.
