Medical industry and hospital building boom finally goes bust
Ben Bernanke blamed the US budget deficit on rising medical costs due to “the hospital building boom.” Corporate hospital CEO’s drove towns and suburbs to build palatial facilities, each with its own atrium, two-story waterfall, and heart clinic. Each had to have state-of-the-art machines that would cost $6000 for a single patient’s 10-minute session of pictures, per doctor requests, that were only required while machines were otherwise idle and Medicare or Medicaid would pay. Japan MRI’s cost $150 per use, according to PBS’s “Sick around the World.” If an American has no coverage, he might pay the special price of $8000. If she has assets and cares about her credit score, she slowly pays off that bill and its accumulated interest which is likely on her credit card.
But the hospital and medical boom is coming quickly to a halt. People are not seeking medical treatment because of the recession. States and counties are cutting back on payments to hospitals or issuing IOU’s. Investors are getting afraid to buy stocks in medical corporations of any kind. Change needs to come, now! And everybody knows it, including the “spoilers” who offer no solutions of their own, but continue to shout about their fears implanted by huge corporations that supply medical goods and services. Such is the fate of all robber barons. Such is the fate of those who practice ‘I’ve-got-mine:-the-rest-of-you-can-go-fish-for-it.’
California Healthy Workplace Advocates say it's time for change. Let's NOT take the public option off the table...WE ARE THE PUBLIC!! Let's take care of ourselves and not simply line the pockets of those who shout the loudest and are fighting to keep the already failing status quo.