President Obama, speaking at a recent Health Care reform at the White House, expressed his concern of increasing unempolyment on how they expect to pay their medical bills. This is not only inherent of U.S. economy, but nearly all countries who have medical support schemes and insurance.
Have the medical fraternity and pharmacy manufacturing concerns started to review their costs? We know that several of the major pharmacy manufacturing concerns are merging into larger conglomerates, and remember we are talking huge industry profits here. Insurance companies are renowned for negotiating terms in relation to claims.
On a recent tv program on the U.S. scene, a consumer health advocate highlighted the costs a leukemia patient was charged $65.00 for three tablets, while the cancer hospital purchased the drug in 10,000 pack units.
After analysing the purchase price, the cost to the patient was a 4,300% mark-up. For many in the medical environment may think this is a 'gold cup' worth filling.
Australia's Rudd Government is at present researching a complete reform of its Health Care system, reviewing efficiency of operation, improving communications covering rural, outback and city medical facilities, examining cost structures across the board, which at present is running at 9% of GDP., and forecast to rise to over 12%GDP by 2032.
"How are we going to pay our medical bills" is to be a subject not only of Government, but everyone who is ever going to need an aspirin or a band aid. Geoff.
Saturday, March 14, 2009
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