November 16, 2009; New York Times
Drug Makers Raise Prices in Face of Health Care Reform By DUFF WILSONEven as drug makers promise to support Washington’s health care overhaul by shaving $8 billion a year off the nation’s drug costs after the legislation takes effect, the industry has been raising its prices at the fastest rate in years.In the last year, the industry has raised the wholesale prices of brand-name prescription drugs by about 9 percent, according to industry analysts. That will add more than $10 billion to the nation’s drug bill, which is on track to exceed $300 billion this year. By at least one analysis, it is the highest annual rate of inflation for drug prices since 1992. The drug trend is distinctly at odds with the direction of the Consumer Price Index, which has fallen by 1.3 percent in the last year.
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The USA’s health care system is broken and bankrupting businesses. GM has complained about how health insurance is dragging them down for years, while Japan’s auto companies do not have to deal with this issue directly. We pay more and have the worst outcomes of any modern industrialized nation. NeoCons talk about “free markets,” while insurance corporations tell patients which “preferred provider” physicians they can see, and tell the physicians how many diagnostic and therapeutic procedures they cannot order. And everyone, patients, physicians, and hospitals alike, are begging the insurance system to pay for health care as promised. Yet, if a patient misses an insurance premium payment, the corporation will cancel the policy in a heartbeat.
I just heard that Barack Obama's grandmother just died. Is this true?
Barack, sorry for your loss... I wish she could have seen you win. Peace, Terry
This came to me by way of my sister who is watching the health care issues very closely.
Peace, Terry
U.S. health care expenditures rose 6.7% in 2006, the government recently reported. According to the Centers for Medicare and Medicaid Services, total health care expenditures exceeded $2.1 trillion, or more than $7,000 for every American man, woman, and child.1 Medicare costs jumped a record 18.7%, driven by the new privatized drug benefit. Total health care spending, now amounting to 16% of the gross domestic product, is projected to reach 20% in just 7 years.
Right now the USA, the country dominating the world, is 37th in health care according to the “The World Health Organization's ranking of the world's health systems”:http://www.photius.com/rankings/healthranks.html
33 Chile
34 Denmark
35 Costa Rica
37 United States of America
38 Slovenia
39 Cuba
By Alexandra Marks | Staff writer of The Christian Science Monitor ; May 05, 2004NEW YORK – Americans spend twice as much on healthcare as other countries, but it turns out that they're not getting twice the quality for the price when they go to the doctor or hospital.http://www.csmonitor.com/2004/0505/p02s01-uspo.html