Posted on 03/06/2025 3:34:03 PM PST by where's_the_Outrage?
Elon Musk knows rockets, AI, and electric cars, but does he understand healthcare? Mark Cuban seems to think he doesn't.
When Musk posted on X in December questioning why Americans pay so much for healthcare without seeing real value, he echoed a frustration shared by millions. Citing the fact that the U.S. has the highest healthcare administrative costs among Organization for Economic Co-operation and Development countries, an account called The Rabbit Hole pointed out the disparity.
Musk responded bluntly: "Shouldn't the American people be getting their money's worth....
Cuban laid out seven ways those contracts are keeping drug prices high and hurting employees. His exact list stated:
Don't control your claims data
Don't control your formulary
Have to pay more for "Specialty Drugs" that have nothing special about them
Get rebates that are paid for by your sickest and oldest employees and result in higher deductibles and co-pays that impact the wellness of your workers and their families.
Cause independent pharmacies to be reimbursed for less than their costs for brand drug scripts for your employees and families, causing them to go out of business.
Can't talk to manufacturers to put together wellness programs for things like GLP1s.
Signed a PBM contract with an NDA which prevents you from publicly discussing your PBM contract, resulting in an opaque, inefficient market, which leads to higher prices and lower quality of care for the entire country.
"All of this allows the big PBMs to continue to distort the pharmacy market for literally EVERYONE," he wrote.
(Excerpt) Read more at msn.com ...
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The PBM racket is but one of several cost drivers in healthcare.
Why was caused by Cuban and the Alt Left Democrat party ramming thur Obama care piling top of Teddy Kennedy lead Democrats messing with the health cares laws since the 1970s.
it is not a lack of Government regulations that causes this mess.
The Dems goal all along has been to screw up the system so bad that they can sell “single payer” Government run health care US voters
Now paying $2700 plus a month, with a 10k deductible....thanks mittens and 0.
Thank you. I was starting to think I was just too stupid to understand these seemingly half-formed bullet points.
No, it all goes back to the 1970s.
Obamacare and etc was a (useless) reaction to this.
In truth I doubt this has anything significant to do with this. Medicare has the same cost problems. Europe actually has a zoo of payment systems (Americans dont realize that). No, its direct cost drivers, straight up.
This is a good illustration of what you’re talking about:
Over $3,000 for vacuum heat treated gelatin powder plus a syringe and cannula.
This material isn’t proprietary, it’s been on the market since 1945.
To be fair prices are controlled in most countries so manufacturers make their big profits in the United States. They don’t just charge a little more here but a h3ll of a lot more.
Not that this is the main cause of high prices but it is a part of the problem.
(I’m in the industry)
I thought the blame was on the medical “industry” and its sister, health “insurance.”
I thought the blame was on the medical “industry” and its sister, health “insurance.”
It starts with the symbiotic relationship of
(1) you not really being the “paying customer”, Medicare and/or the Insurance companies are, so they make/get the “deals” as to prices/costs of diagnostics, outpatient care, inpatient care, drugs, devices, and the rest, and
(2) and you’re just told any “leftover” form all those arrangements.
If you were the primary customer, and your insurance, regardless of how much it would or would not cover had to be accepted by any and all care providers, (NO PPO’s or the the like), and your insurer was barred from making any deals with anyone but you, and costs had to be revealed upfront and publicly listed, then you would be in a position to chose “best care for best price” and “best insurer for best price” (”best” in that context includes what you can afford), as suites your needs and your pocketbook, and then health care providers and insurers would be trying to make deals with you, not each other.
LAWYERS!
$3000/IV bag when my husband was hospitalized last summer.
No, it’s not you. Awful writing - completely incoherent.
I know someone who works for a health network, works in DEI and makes around the same as a brain surgeon. It’s criminal that that job exists. If that one job is over paid how many more exist?
I know someone who works for a health network, works in DEI and makes around the same as a brain surgeon. It’s criminal that that job exists. If that one job is over paid how many more exist?
I could have made you .9% USP sodium chloride in water for injection in our lab. I could even put it in a bottle and autoclave it.
Might cost $3, mostly for the bottle.
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