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Yes and isn't it odd that that very party claims to represent the
"little people"? I am all for tort reform including not
only limits to settlements but costs of defending one's self shift to the
parties presenting the suit if they lose. Ambulance chasing needs
to end and if there are too many lawyers in America to find
"real" work, the law schools need to limit enrollment to some
reasonable level of what is needed in this country to do "real"
work. The medical schools have been doing this for decades if not
forever.
Yes, we are off of trading issues and I'm participating but the
intellectual conversations here are and have been so interesting and
enjoyable that I am loath to take a position on limiting them unless it
gets out of hand.
A special thanks to Ben for his recent posts which are always informative
and timely.
Bob
At 10:15 AM 3/7/2004 -0600, you wrote:
Never
happen because one party is owned and operated by trial
attorneys.
----- Original Message -----
From: Mark Simms
To:
realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, March 07, 2004 9:45 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"
-----Original Message-----
From: EarlA [mailto:earl.a@xxxxxxxxxx]
Sent: Sunday, March 07, 2004 9:09 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] sp500/nasdaq top
You might as well get your facts straight. First, the US spends 14% of GDP on healthcare which is the highest percentage of any country in the entire world. Second, in spite of spending the world's greatest percentage of GDP on healthcare, 40% of our citizens have none, zero, zilch health coverage. Third, 50% of that 14%, or roughly 7% of GDP, is spent on healthcare administration, almost all of which goes to private insurance companies and HMO's, not the government. The government run Veterans Administration medical system is a disgrace to those who served our country. The government run Medicare system is extremely efficient, consuming roughly 3% of premiums paid.
Those of us who can afford healthcare are well taken care of. The 40% who can't afford healthcare coverage, receive little care, and most of that is delivered in public hospital emergency rooms at taxpayer's expense. What's obvious is that the healthcare system, currently in private hands, has run amuck. I don't know what the solution is.
Earl
----- Original Message -----
From: chaze@xxxxxxxx
To: realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, March 07, 2004 6:43 AM
Subject: Re: [RT] sp500/nasdaq top
it's the governmentt regulations and
involvement in our medical system which has created a lot of the problems
vis a via rising health costs and insurance issues. And this doesn't even
address corruption, fraud, waste, abuse, inefficiencies,
and incompetence.
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