|
|
We appreciate your help
in keeping this site going.
|
|
08-24-2010, 07:53 AM
|
|
Senior Member
|
|
Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
|
|
Cost of Health Care Continues to Rise
Health benefit brokers surveyed see health care costs in 2011 continuing to rise. The small group market will continue to see double - digit cost increases, while medium to large groups will be on the high side single digit to double - digit.
http://www.shrm.org/hrdisciplines/be...Rates2011.aspx
|
08-24-2010, 08:08 AM
|
Abby Normal
|
|
Join Date: May 2009
Posts: 11,245
|
|
take the profit out of healthcare
our system is archaic and inhumane
and while we are on the subject, jail big pharma executives
I am sure you agree whell
|
08-24-2010, 08:15 AM
|
|
Senior Member
|
|
Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
|
|
Quote:
Originally Posted by noonereal
take the profit out of healthcare
our system is archaic and inhumane
and while we are on the subject, jail big pharma executives
I am sure you agree whell
|
Yeah, that'll fix it good!
|
08-24-2010, 08:29 AM
|
|
Resident octogenarian
|
|
Join Date: May 2009
Location: Maryland
Posts: 20,860
|
|
I can't understand why the powers that be are so eager to kiss the arse of big pharma, they are all based off-shore. The only reason they maintain a presence here is for access to the research of NIH. The major reason for the rising cost of drugs has SFA to do with research. The increase is to cover advertising - four or five pages in every issue of major magazines - endless TV commercials, and executive salaries. What have they come up with of late besides skippy stiffeners.
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
|
08-24-2010, 09:12 AM
|
|
Loyal Opposition
|
|
Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
|
|
Quote:
Originally Posted by merrylander
I can't understand why the powers that be are so eager to kiss the arse of big pharma, they are all based off-shore. The only reason they maintain a presence here is for access to the research of NIH. The major reason for the rising cost of drugs has SFA to do with research. The increase is to cover advertising - four or five pages in every issue of major magazines - endless TV commercials, and executive salaries. What have they come up with of late besides skippy stiffeners.
|
You forgot to mention the extra bribery expenses last year.
Regards,
D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
|
08-24-2010, 09:22 AM
|
|
Senior Member
|
|
Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
|
|
Quote:
Originally Posted by merrylander
I can't understand why the powers that be are so eager to kiss the arse of big pharma, they are all based off-shore. The only reason they maintain a presence here is for access to the research of NIH. The major reason for the rising cost of drugs has SFA to do with research. The increase is to cover advertising - four or five pages in every issue of major magazines - endless TV commercials, and executive salaries. What have they come up with of late besides skippy stiffeners.
|
FYI - 8 of the 15 major players in the pharma industry are US - based. The others are in the UK, France, Switzerland, Germany and Japan. I think Phizer, based in NJ, is still the worlds largest phrama company.
Profit margins are higher in the phrama industry, but are eroded by lower return on assets due to shortening of patent protection, litigation and high R&D costs.
|
08-24-2010, 09:24 AM
|
|
Senior Member
|
|
Join Date: Nov 2009
Location: Sonoma County, CA
Posts: 20,496
|
|
I have no doubt whatsoever that when the Republicans retake Congress in November and repeal Obamacare health insurance rates will plummet.
John
__________________
Smoke me a kipper. I'll be back for breakfast.
|
08-24-2010, 09:30 AM
|
|
Senior Member
|
|
Join Date: Nov 2009
Location: Sonoma County, CA
Posts: 20,496
|
|
Quote:
Originally Posted by d-ray657
You forgot to mention the extra bribery expenses last year.
Regards,
D-Ray
|
Yup! Paying lobbyists a million a day and lord knows how much in "campaign contributions" put a real dent in their bottom line so you can't really blame them for raising premiums again. I mean, otherwise the CEOs might be looking at the dire prospect of living on the south side of a billion a year.
John
__________________
Smoke me a kipper. I'll be back for breakfast.
|
08-24-2010, 10:15 AM
|
|
Loyal Opposition
|
|
Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
|
|
Another big problem is how slowly reforms are being phased in. For consumers, that was a very expensive compromise. The lobbyists served their clients well by giving them a couple of extra years of price gouging to pad their bankroll. I know our experience has been that each year we pay more for less coverage. It would be cost prohibitive to retain the coverage that we had, so we increase co-pays or deductibles to try and maintain a reasonable monthly nut.
Regards,
D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
|
08-24-2010, 10:31 AM
|
|
Senior Member
|
|
Join Date: Nov 2009
Location: Sonoma County, CA
Posts: 20,496
|
|
Quote:
Originally Posted by whell
FYI - 8 of the 15 major players in the pharma industry are US - based. The others are in the UK, France, Switzerland, Germany and Japan. I think Phizer, based in NJ, is still the worlds largest phrama company.
Profit margins are higher in the phrama industry, but are eroded by lower return on assets due to shortening of patent protection, litigation and high R&D costs.
|
I think you missed Rob's point. He wasn't claiming that all the major players are US based as opposed to overseas based, a difference with an ever-waning distinction, but that they all have huge "bricks and mortar" presence here in the Land of the Free Access to government-funded research.
John
__________________
Smoke me a kipper. I'll be back for breakfast.
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -5. The time now is 01:15 AM.
|