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Earl-
I have a dear friend of mine who is a nurse at a major metro
city hospital. Her experiences; and what she's related to me;
dovetail with comments and observations from both you and Mark .
She observes doctors ordering tests and procedures which are probably
unnecessary and in a lot of cases don't benefit the patient.
Is this 'easy money' to justify billing medicare; fear of being sued; or a
little of each?
One other comment re drug and medical research. If the conclusions
of the project do not mesh with the desired outcome; the results aren't
published.
chas
====
> "Tort reform" is espoused as a political solution. The fact is that, while
> lawyers are abusers of the system (especially some headline cases), they
> consume a very small portion of that 7% of GDP which goes to healthcare
> administrative costs. Further, many of the tort reform bills I have seen
> promoted, fail to adequately compensate the victims of egregious
> mal-practice. I classify egregious mal-practice differently than the
> inevitable mistakes made by imperfect humans or even the non-mistakes
> where the patient can simply not be fixed. The current system encourages
> cover-up and non-disclosure at every level and that does need to be fixed.
> However, fixing it involves more than just shutting off the lawyers, it
> involves opening physician and health care facility performance and
> complaint records to the public. Under the current system, the entire
> medical profession does its very best to conceal anything negative. It is
> therefore nearly impossible for healthcare consumers to make educated
> judgments regarding the quality of care and likelihood of a favorable
> outcome.
>
> Earl
> ----- Original Message -----
> From: Mark Simms
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Sunday, March 07, 2004 8:45 AM
> Subject: healthcare was RE: [RT] sp500/nasdaq top
>
>
> Earl - re: "..What's obvious is that the healthcare system, currently in
> private hands, has run amuck. I don't know what the solution is."
>
> Ever consider the fact that lack of tort reform has caused the overhead
> costs of doctors and hospitals to be exhorbitant ? On top of that, the
> legal system has made extortion LEGAL by forcing doctor's to settle
> claims they are not really responsible for.
> My wife has been in the business of settling healthcare claims for
> years.....I know first-hand what is going on here.
> A frat brother of mine, not the sharpest tool in the shed, is now a
> millionaire lawyer...all he does is handle mal-med and those stupid
> personal injury cases that are so bogus.
>
> So here's the correct statement:
> "What's obvious is that the LEGAL system in America, currently
> controlled by the GOVERNMENT, has run amuck and has affected the
> healthcare provider mechanism PROFOUNDLY"
> "The solution is simple: Tort reform whereby frivolous lawsuits against
> good doctors result in a significant penalty for the plaintiff if they
> are dismissed"
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