You cant, part of the profit factor covers lawsuits, lawyers and insurance coverage for the workers and hospitals. Other part covers salaries for staff. Other part covers ever increasing regulation and compliance issues.
The places that manage all this better keep the costs lower than other places do.
Possibly the only thing that would make it work is if insurance was put on the free market, but then like you said the lawsuits would drive up costs anyway because doctors have to pay a fortune in liability insurance, some of them like obstetricians pay $300,000 a year. The lawsuit situation would have to be taken care of. The way I look at it is like cars and car insurance. Why can’t it be run like that? If a mechanic messes up your car you aren’t awarded millions in compensation, the lawsuits are ridiculous. Like Ann Coulter always said, “Why is ambulance chaser John Edwards making more money than doctors?”
I really do not know the answer to it, but healthcare in this country is really effed up big time. I went to dentist 2 months ago, I found him on the net and he got good reviews or so I thought. So I went there for a check up, they cleaned my teeth, took X-rays and charged me $295, and then the doctor comes in and tells me I need all this work done and that it would come to about $9000 total, then he had me fill out this form for a dental loan company and he told me I could be approved by fax, he comes back 10 minutes later and tells me I’m approved and he can work right away so I was like hell no, let me think about this.
I call the next day telling them I’m going to hold off. A week later I get a letter in the mail telling me I was NOT approved for the loan. So basically the mofo lied to me, I would have been in debt towards him for thousands. RIGHT AWAY this guy was ALL about money! F the patient, let’s get as much money as possible from him.