Archive for 07/11/2008

So that’s where all of our money went?

In a startling report, the WSJ indicates that the cost of an average health plan is approaching half of an average family’s income.

This must be a misprint.WSJ Health Blog Link
But it’s not, of course.

The reality is that few people actually pay $12,000 a year for their health plan — the majority of that cost is subsidized, typically by an employer. Nevertheless, an increasing chunk of everything we buy is being allocated to health care costs.

But don’t worry. Help is on the way.

I have it from a very reliable source that Obamanomics will “solve” this problem, once and for all.

More people deferring hospital treatment

In a sure sign of the economic times, more people are putting off surgeries and other hospital treatments.  The postponement of hernias, knee replacements, weight loss surgery and the like are creating cash flow havoc in many hospitals.  The situation is so dire that some hospitals are being forced to close.

Lucrative surgeries being postponed

As fewer paying patients show up, it has a disproportionate impact as more and more non-paying patients continue to flood America’s emergency rooms.

Will Obama rescue the hospitals in time?

(last statement seething in sarcasm)

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