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I believe that it is job choice that is the
problem. A friend of ours grand son just graduated from college.
Major, finance. He is going to work for a brokerage firm in mergers and
acquisitions and his starting salary is $150,000 per year and a $50,000 signing
bonus.
His girl friend graduated with the same degree, top
of her class and is going to work for the Fed. Starting salary
$43,000. Guess the big bucks are still on Wall Street. Only the
names are changed to protect the innocent. If there are any innocent left
out there.
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Mark Simms
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, March 07, 2004 8:40
PM
Subject: RE: healthcare was RE: [RT]
sp500/nasdaq top
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.
<FONT color=#0000ff
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."
<FONT color=#0000ff
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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