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Saturday, February 15, 2014

Greed + Cartels = U.S. Sickcare/ObamaCare

Sickcare/ObamaCare is fundamentally broken at every level.

The incremental nature of change makes it difficult for us to notice how systems that once worked well with modest costs have transmogrified into broken systems that cost a fortune. Exhibit # 1 is higher education: 40 years ago, four-year public universities were affordable and two-year community colleges were almost free. Now students have to borrow $1 trillion to pay for the exorbitant privilege of higher education.

And no, the difference isn't that states don't provide the same funding--the difference is costs have soared while the yield on the investment has plummeted. Please read:

The Mafia State of Mind

Our Two Most Onerous Taxes: College Tuition and Healthcare Insurance

Our Middleman-Skimming Economy

America's Make-Work Sectors (Healthcare and Higher Education) Have Run Out of Oxygen

Longtime correspondent Ishabaka (an M.D. with 30+ years experience in primary care and as an emergency room physician) responded to this article with an insider's account of what happens when greed and cartels take over healthcare. After reading What's wrong with American hospitals?, a scathing deconstruction of for-profit healthcare, Ishabaka submitted this commentary:

I could have told you what was wrong with our hospital system by 1989 - nobody would listen to me back then.

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