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This is
interesting....my wife, a healthcare administrator, is going to be graduating
with a Masters degree in Healthcare law this May.
She currently has
a nursing degree and several other credentials (Certified Risk Manager, etc),
and is only making $59k per year !
She certainly is
not contributing to the high admin costs claimed here, although the directors
and VPs for the hospital chain she works for are definitely in the high 6
figures for salary.
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size=2>
Given the recent
threads about taxes, it is Interesting that a friend of hers, with a degree in
Physical Therapy AND an MBA, was working as an administrator for the Doctorate
program of Physical Therapy at a prominent college, just recently QUIT her
position because her salary in conjunction with her husbands was yielding less
than 40% after taxes...ie she was making $55k and bring in $22k. She now joins
the legions of post-Enron jobless MBAs albeit she made her decision based on the
marginal tax rate imposed upon her family.
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: EarlA
[mailto:earl.a@xxxxxxxxxx]Sent: Sunday, March 07, 2004 11:43
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: healthcare
was RE: [RT] sp500/nasdaq top
"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
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Mark Simms
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">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."
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size=2>
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.
<FONT color=#0000ff
size=2>
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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