Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Wait til the Healthcare bubble bursts....and there is one, and it will...

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
JanMichael Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:22 PM
Original message
Wait til the Healthcare bubble bursts....and there is one, and it will...
As far as I can tell from reading DU, there are many people on this board who believe the people who have been screwed by the mortgage bubble...the people who believed the loan rhetoric of the past several years and got into a ARM...are just screwed. Should be screwed. Stupid decisions...why bail them out?

When the Healthcare bubble bursts...and there IS one---a big one... are you people going to post that those people should be left to die because they were stupid enough to...what? Not be able to afford insurance? Have a smaller deductible? Should have had a different agent?

Or maybe even...shouldn't have gotten that pesky cancer because they knew they shouldn't have been smoking? drinking? breathing polluted air? eating mercury filled fish? drinking polluted water?

What?

Or maybe we will read posts...."well, I was smart enough to read the small print on my (fill in the name of insurance co. here) and realize that I needed to immediately stop (fill in whatever you were eating, drinking, smoking, drinking, or doing here) and all those other people can just drop dead...I don't think we should bail THEM out."




Printer Friendly | Permalink |  | Top
OwnedByFerrets Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:25 PM
Response to Original message
1. Nice post...
could you expound more on this healthcare bubble? I would like to know your thoughts. TY
Printer Friendly | Permalink |  | Top
 
JanMichael Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:40 PM
Response to Reply #1
6. Costs are becoming too high
for the middle class to afford healthcare.

Note the few posts on this; most people don't recognize it for what it is...yet.
Printer Friendly | Permalink |  | Top
 
Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:44 PM
Response to Reply #6
10. In that sense
there is a bubble. There is a built-in inefficiency for profits for people who do nothing to actually help cure the sick. Since Healthcare is such a large part of the economy, even a small decline would have an impact on the economy overall.
Printer Friendly | Permalink |  | Top
 
Winterblues Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:29 PM
Response to Original message
2. My wife's insurance just went up 28% and we can no longer afford it
It is up over five hundred dollars a month now and we can't afford it any longer. I don't know what we are going to do. She has/had Blue Cross and it has been going up every year now for last several years.
Printer Friendly | Permalink |  | Top
 
enid602 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:34 PM
Response to Reply #2
3. horrible
My God; that kind of escalation is horrible.
Printer Friendly | Permalink |  | Top
 
Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:54 PM
Response to Reply #3
15. heh -- if you think that's bad, you'd better hope you never have to have COBRA
I had it for three years, before DH's insurance kicked in and covered my pre-existing condition. It went up 200 per cent in that time frame. UNBELIEVABLE, but true.

Printer Friendly | Permalink |  | Top
 
enid602 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 07:15 PM
Response to Reply #15
21. health care
That's why we need universal health care now. No more 'advisory groups' to study the situation, as Obama has promised.
Printer Friendly | Permalink |  | Top
 
murielm99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:43 PM
Response to Reply #2
9. My daughter's went up by an incredible amount, too.
And she has a $5,000.00 deductible.

She is thinking about dropping it. I told her that would be a bad idea. I wanted to suggest that we help her with the costs, but my husband is laid off right now. We have helped all three of our twenty-something children in emergencies, but we can't always do this.

Universal health care coverage would help so many people in this screwed up economy.
Printer Friendly | Permalink |  | Top
 
Wcross Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:35 PM
Response to Original message
4. I don't understand what the "health care" bubble is, could you explain it to me? n/t
Printer Friendly | Permalink |  | Top
 
JanMichael Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:39 PM
Response to Reply #4
5. read post #2
that is a bubble.

Printer Friendly | Permalink |  | Top
 
eallen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 08:13 PM
Response to Reply #5
26. So when it bursts, insurance premiums plummet? Ya-hoo!
Look, a bubble in the economic sense is when an asset class (stocks, homes, mortgage backed securities, etc.) is overpriced. It bursts when the market realizes that the price is beyond what can be justified, causing prices to "come back to earth."

When someone talks about the "healthcare bubble," I have no idea what asset they think is overpriced.

If they mean insurance premiums are charging more for insurance than the market will sustain, and that the premiums will soon plummet, about all I can say is, it can't happen soon enough. If, on the other hand, they mean costs will continue to increase, then they're not predicting a bubble, but something else.

:hippie:
Printer Friendly | Permalink |  | Top
 
DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-28-08 12:58 AM
Response to Reply #26
28. Perhaps the government will be forced to step in...
and provide national health care as the insurers collapse.

Sure it would be ugly for a while, but the end result would be worth it.
Printer Friendly | Permalink |  | Top
 
Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:41 PM
Response to Original message
7. and the energy bubble, and the education bubble
Printer Friendly | Permalink |  | Top
 
JanMichael Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:42 PM
Response to Reply #7
8. yep. But, healthcare is going to blow first
and it's going to be a massive drain on the economy with all the aging boomers. It's going to be bad.
Printer Friendly | Permalink |  | Top
 
Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 07:09 PM
Response to Reply #8
19. I think of them more as dominoes
at least the chain-reaction affect is more similar. but, yep... one right after the other. :(
Printer Friendly | Permalink |  | Top
 
OwnedByFerrets Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:47 PM
Response to Reply #7
11. Wow, that is a great article.....
ty for posting it.
Printer Friendly | Permalink |  | Top
 
jody Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:47 PM
Response to Original message
12. IMO we do not have funds to treat everyone for every illness. We will eventually have to choose
between open heart surgery for a 90 year old or a 10 year old.
Printer Friendly | Permalink |  | Top
 
yellerpup Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:50 PM
Response to Original message
13. Without empathy we have no society.
"Blame the victim" is rampant among people who have never been on or near the bottom of the financial totem pole. Some will learn through bitter experience and some will remain ignorant and self-righteous. You have to want to see the problem in order to make a change. Too many people would rather not know.
Printer Friendly | Permalink |  | Top
 
JanMichael Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 07:07 PM
Response to Reply #13
18. I think "bitter experience"
will change alot of minds over the next two years.

Everyone acts like the housing bubble is only going to have an effect on those with sub-prime mortgages--and those people are "stupid."
Printer Friendly | Permalink |  | Top
 
yellerpup Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 07:14 PM
Response to Reply #18
20. I fear you are right.
I'm glad it's not my lesson to learn this time. I pity those who will learn it the hard way.
Printer Friendly | Permalink |  | Top
 
uppityperson Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:52 PM
Response to Original message
14. Here is another type of healthcare bubble.
Health care providers are being pushed to see patients faster, spend less time, do quickie bandaid fixes rather than being able to take the time to look at everything (lifestyle, diet, exercise, jobs, families, exposure to things, etc) that all inter-relate to cause health issues.

More mistakes are being made because there is not enough time to spend actually figuring things out. More pressure to go faster faster faster, give quick prescriptions without being able to double check all those interactions, side effects, so forth.

Many health care providers are getting really sick of this, not to mention stressed , not to mention stressed over concerns that they are missing stuff and not providing good health care, not to mention stressed over liability concerns as to what they are missing because they are pushed so much to go so fast.

I know doctors, nurses, PAs, NPs that have gotten out of "health care" because it has turned into "bad medicine" and it can be difficult to find someone who is able to take enough time to be comprehensive.
Printer Friendly | Permalink |  | Top
 
Lydia Leftcoast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 07:22 PM
Response to Reply #14
24. That's why my brother got out of group practice
and went independent. He figured out how many patients he needs to see per day in order to break even, and that's all he schedules.
Printer Friendly | Permalink |  | Top
 
fed-up Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 06:59 PM
Response to Original message
16. I want to know why unions, city, county, state gov's keep paying the higher premiums
If they organized they could tell the insurance companies to shove it and to come back with some reasonable costs for insurance.

But instead we keep hearing of long drawn out fights for fair wages/benefits which then comes out of city/state/county coffers or means that fewer teachers are hired etc.

When will these large groups of employees get together to fight the rip-off premium/drug increases???
Printer Friendly | Permalink |  | Top
 
greyghost Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 07:03 PM
Response to Original message
17. The first step is returning to a NOT FOR PROFIT SYSTEM.
Printer Friendly | Permalink |  | Top
 
yellerpup Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 07:19 PM
Response to Reply #17
22. Second the motion.
That is the single factor that has brought our country to the brink of disaster on healthcare. The faster we can turn it around, the sooner we can all afford to get better healthcare.
Printer Friendly | Permalink |  | Top
 
ConcernedCanuk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 07:20 PM
Response to Original message
23. I read all the posts, all I can think of saying is WOW
.
.
.

$500 a month for health care?

I pay nothing.

Well I sorta paid for it through taxes on my income for the last 40 years.

But if I need open heart surgery and extended health care in the future

it's all paid for, won't cost me a dime.

But I should mention in respect to one poster's comment - there are some doctors/surgeons that will not treat a patient for certain ailments unless they quit smoking.

I have a friend that is 60 that is almost crippled from some ailment in his legs, can hardly walk - and he loves the bush.

Trouble is, he's a 3 pack a day smoker, ailment is not life threatening, so he can't get the surgery.

In the last 4 months, he's down to just under 1 pack a day, but it's driving him nuts.

I smoke, never heavy - normal is about 3/4 pack a day -but when I visit him now - I don't smoke - and I ain't got none when he asks.

And your delegates down there should be addressing the health-care thing more than sniping about who is "qualified" "experienced" or "electable"

But REAL issues don't seem to make good news down there.

Reading the news lately about the USA election reads more like some sort of soap opera - - he said - she said - he did - she did

and so on

Republicans are sitting back and laughing at the infighting

I'm watching it,

but I'm weeping.
Printer Friendly | Permalink |  | Top
 
JanMichael Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 07:53 PM
Response to Reply #23
25. yep.
not much to add to this--except---500 bucks a month for insurance, and several hundred for meds sure adds up.

It's so sad; and the shoe is going to drop.
Printer Friendly | Permalink |  | Top
 
greyghost Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-27-08 09:09 PM
Response to Original message
27. The US HCS has been hemorrhaging in relative silence for quite sometime. That's
Edited on Thu Mar-27-08 09:13 PM by greyghost
why 50 million are uninsured. The entire system needs overhauled and it's going to take STRONG leadership to do it. Most importantly it must be made a NOT FOR PROFIT system.

Comparing it to the mortgage crisis is a non-starter. People can rent a place to live, they don't NEED to own a home. People need and deserve proper health care.

Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue May 07th 2024, 02:22 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC