Posted 09 April 2018 - 05:15 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Posted 09 April 2018 - 07:14 PM
My son had an attack of appendicitis late Saturday night. I knew that the Obamacare inflated prices for surgery in the U.S. would be ridiculous and that the service would likely be impersonal, involve long waits, and be nerve-wracking. The price for the latest routine appendectomy in my area in Arizona was, my jaw dropped, $43,000.
I drove past the state run socialist hospital in Mexico which of course has deplorable service and doesn’t serve Americans anyway. Most of the private hospitals in Mexico have great service, modern equipment and procedures, and affordable prices.
My son was checked into a private room with private bath and satellite TV awaiting his surgery. The surgical staff was prepped and ready to start within an hour-and-a half of our arrival.
The main purpose of this article is to break down the cost of surgery at a private hospital in Mexico. If you don’t know where to go, then cross the border at your nearest crossing point and ask a taxi driver to take you to a private hospital. There are always taxis right near the border crossings. Try to get over the gringo fear that everyone will rip you off in Mexico and just go for it.
Posted 11 April 2018 - 10:06 PM
Edited by *JB*, 11 April 2018 - 10:06 PM.
Carl Swenlin, founder of Decision Point and original Fearless Forecasters board.
Posted 15 April 2018 - 11:00 PM
"Single-payer systems inevitably ration care to control costs. The officials who run these systems have no other choice. With medical services free or nearly free at the doctor's office or hospital, the government has no way to temper patients' demand for medical care. The absence of market pricing means patients have no incentive to economize by choosing the most cost-effective providers.
Rationing can occur in one of two ways. Governments can ration care directly by nationalizing hospitals and clinics. The government holds down costs by hiring a limited number of doctors and building relatively few hospitals.
Or governments can set low reimbursement rates for physicians and hospitals. This discourages people from joining the medical profession and building new facilities. Doctor shortages and long wait times for patients are the result.
The United Kingdom's National Health Service employs the first option. Shortages and delays are so bad that the British Red Cross last year warned the system was experiencing a "humanitarian crisis".
Amid chronic overcrowding during this winter's flu season, NHS doctors were forced to treat over 100 patients a day in hospital hallways due to a lack of beds. Thousands of patients waited in ambulances for an hour or more before receiving care. Only one in three British patients is satisfied with the NHS, according to a recent poll.
My native Canada utilizes the second strategy. It sets such low reimbursements that the country suffers from a chronic, and worsening, shortage of doctors. Last year, the typical Canadian patient waited 21 weeks to receive treatment from a specialist after obtaining a referral from a general practitioner."
Edited by colion, 15 April 2018 - 11:01 PM.
Posted 25 May 2018 - 05:02 AM
Canadian Single Payer Horror Story -
All single payer systems suffer from long lines and long waits
This woman spent 47 hours waiting for surgery in the Sunnybrook ER, with shattered wrists, a broken elbow, cracked ribs and internal bleeding. An investigation into the overcrowding of Toronto ERs