Replies to post #93179 on Biotech Values

[medchal]

"...the whole insurance industry has been operating as a syndicated empire...."  And do all the service stations in your market area have different prices for the standard grades of fuel?  Do you think the fuel would be cheaper if the Federal government simply set the price and drove half of them out of business?  It always amuses me that so many people believe that, if a business charges more than its competitor, it is gouging; if it charges the same as its competitor, it is colluding; and if it charges less, it is obviously engaging in predatory price-cutting.  (Only a very few people are able to disgorge enough sophistic argument to explain this away in a manner that would satisfy even a child, but apparently, there are enough of them around to satisfy anti-business types.)

[jbog]

Rajuramas,

I certainly would hate to see what my premiums would be if it wasn't for insurance companies "heavy hands" in declining patient benefits.

If we look at the fraud and waste in the public systems of medicare/medicaid just imagine what it would be in the private systems.

As an side note, I have a buddy who owns a data processing service working in health care. He put out a report that at our local county hospital, 12.4% of the patients used someone else's insurance credentials.

[bladerunner1717]

Breaking News Alert
The New York Times
Thu, March 25, 2010 -- 2:26 PM ET
-----

Senate Passes Reconciliation Bill, 56-43

After running through an obstacle course of Republican amendments and procedural objections, the Senate on Thursday afternoon approved of a package of changes to the Democrats'
sweeping health care overhaul, capping a bitter partisan battle over the most far-reaching social legislation in nearly half a century.

Republicans, raising procedural challenges, identified flaws that struck out minor provisions to the bill. Because of those changes, it now goes back to the House for one more vote, though passage seemed virtually assured.

Democrats said they were confident the measure would soon be on President Obama's desk for his signature. The vote, just after 2 p.m., was 56 to 43, with the Republicans unanimously opposed.


Bladerunner