Originally Posted by lionessrampant
Hate to play devil's advocate, but maybe if we stopped suing these people every five minutes they wouldn't HAVE to charge $30 to sign something.
I disagree. This is not as simple an issue as it seems to be. First my position is that while medical negligence adds to cost, the amount added does not significantly contribute to the increase in medical costs.1) Medical Suits:
If I recall the payout per capita in the US is about $1.20-30 per capita, which is lower that the UK. However, this does not include settlement.2) Medical Mistakes:
There are significant amount of injuries (or death) and mistakes stemming from the medical industry. Therefore to blame a person who was injured for raising the cost of medical treatment is akin to blaming the victim.3) Medical Costs:
There are several other reasons for increase in medical costs such as:Technology:
Because new products/machines are under patent the cost of getting them is high, couple that with the desire of the patient (Rare to hear someone tell their doctor not to give them any of the new stuff)Fragmentation:
Comparing the US and the UK health indicators such as life expectancy, etc, the health levels are generally similar. But yet the UK spends less than the US as a percentage of GDP.Insurance:
This is a complicated matter. Insurance companies do not make money only from premiums but rather like banks they take the money deposited with them to invest. One popular and safe investment is that of Government Bonds but yet with interest rates historically low (although rising) for many years, that option may not provide returns necessary for the shareholders.
Question: Is the current model of healthcare in the US the best model for delivering most service for the least cost? This should also take into account the system of medical negligence. The alternative system is that of no fault system, that is as long as a person is injured he is paid from a central fund. This is adopted in New Zealand.