Medicare Meltdown Excerpts

Basically a good idea that our system of government perverted by adding on beneficiaries not originally intended….or were they?

Rosemary Gibson and Janardan Prasad Singh make several illuminating observations in their book including:

the law cannot create the political will to prosecute fraud perpetrated by special interests. (page 23)

Why is Medicare bidding for equipment and supplies, to save about a billion dollars a year, but not bidding for drugs, nor promoting competition in the market for hospital supplies, where billions of dollars in savings can be gained?  The durable medical equipment business is run by many small mom-and-pop operations that don’t have the political clout of multibillion-dollar corporations. (page 33)

The United States departed from health care policies in Europe and Canada that installed red lights to limit the excesses of private industry.  Here at home, the industry disparages the “socialist” systems in other countries.  The complaints are a masquerade for chafing about rightful limits that governments impose on companies’ ability to make excessive amounts of money at the expense of the financial solvency of governments and their citizens.  (page 70)

Every system is designed to achieve the results it gets. (page 79)

2 responses to this post.

  1. Posted by Tough Love on November 16, 2013 at 7:50 pm

    John, I couldn’t agree more.

    I was astonished at the gall of the Drug industry and the ready acceptance by our politicians when the law governing Medicare part D (drugs) was not only “silent” about negotiating drug prices (as IS in fact done for Veterans benefits), but the law SPECIFICALLY barred such price negotiations.

    Congress should have just waived a banner..”WE WERE BRIBED…AND TOOK IT!”


    • Posted by Anonymous on November 17, 2013 at 8:55 pm

      Guess all we can hope at this point is that we get to suck off the government teat when the time comes and enjoy all of those meds! I thought that under Obama care all if that might be changing ?


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