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View Diary: An Economy cannot be based on CONSUMPTION (285 comments)

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  •  Growth is robbing us (7+ / 0-)

    I recently had an illustrative experience.  I have been getting a yearly blood work up, which involves going to a lab and getting a couple of test tubes drawn and then analyzed.  Usually it costs from about 75 dollars to maybe a little over a hundred.

    Recently I got a bill for 1600 for the same service.  I called a variety of administrative personnel, including the CEO of the healthcare system.  It turns out that they are cost shifting, to support the economics within the hospital system.  It has nothing to do with the value of the actual service.  

    When costs mushroom out of all proportion, which they do when there is no real scrutiny, oversight or accountability to anyone but a profit oriented board of shareholders that operate out of sight and unaccountably.  The insurance industry appears to support ratcheting up higher costs because there are interlocking self interested boards of directors and shareholders.  This is an incestuous system.  

    That is growth more or less along the lines of a cancer on society.  It is not free enterprise and can't be until there is more structured accountability somehow.  

    hope that the idiots who have no constructive and creative solutions but only look to tear down will not win the day.

    by Stuart Heady on Thu Sep 29, 2011 at 07:10:57 AM PDT

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    •  Much unneeded 'work' adds to cost (1+ / 0-)
      Recommended by:
      NoMoreLies

      Many doctors take routine chest X-rays not because they are needed or even serve as a screening but because they have their own X-ray equipment and can charge more than it cost them to take the X-ray.  It is a profit center.

      Blood work gets marked up ridiculously as well because insurance will pay the costs.  You also have MORE - often unneeded tests - for the same reason.

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