Sep
According to an article published in the Journal of the American Medical ociation (JAMA), over 225,000 people die each year due to medical malpractice and nearly half of these are from emergency room errors. Medical malpractice has become the third leading cause of death in the United States, after deaths from heart disease and cancer.
Medical Malpratice is no myth
The JAMA article also broke down the following medical malpractice statistics:
* 12,000 deaths/year from unnecessary surgery
* 7,000 deaths/year from medication errors in hospitals
* 20,000 deaths/year from other errors in hospitals
* 80,000 deaths/year from infections in hospitals
* 106,000 deaths/year from non-error, adverse effects of medication
A 2006 follow-up to the 1999 Institute of Medicine study found that medication errors are among the most common medical mistakes, harming at least 1.5 million people every year. According to the study, 400,000 preventable drug-related injuries occur each year in hospitals, 800,000 in long-term care settings, and roughly 530,000 among Medicare recipients in outpatient clinics. The report stated that these are likely to be conservative estimates.
400,000 Medication Malpractice Injuries
225,000 Errors Related to Malpractice Deaths
625,000 Total Malpractice Cases in Hospitals
40,000,000 Total Hospital Admissions
0.0156 98.44% Efficiency Rate
OTHER MYTHS
Administration Costs 400 bil, 30% to 50% BIR related
Medical Equipment Costs
53,000,000,000Total Medical Equipment Revenue
23,850,000,00045% surgical supplies600 room and board
21,200,000,00040% equiptment
I took on the conventional wisdom that an aging population is driving U.S. hospital bills higher. The truth is that a combination of spending on new construction and hi-tech equipment pushed the nations hospital bill to $648.2 billion in 2006 —up 7 percent from 2005. The uptick was part of a trend: since 2000, outlays for hospital care have climbed anywhere from 5.2 percent (2000) to 8 percent (2003) each and every year. As a result, by 2006, spending on hospitals represented nearly one-third of the $2.1 trillion we shelled out for health care that year, stated Maggie Mahar in the blog Health Beat.
Actionable steps
Insurance bubble - Mortgage Crisis
Prescription Drugs - we have what we have and we have no more. quite financing this.
Coca-Cola sells product for 30 cents
AFRICANS buy 36 billion bottles of Coke a year. Because the price is set so low—around 20-30 American cents
http://www.economist.com/world/mideast-africa/displaystory.cfm?story_id=11670946
Money we dont have
Robbing individuals
Grandma Myth
Not sure if they want to kill grandmom with death panels but is sure seems they want to bleed her dry
The biggest year of the boom was 1957, when 4.3 million boomers were born. Why it took over 10 years for so many post-World War II families to get going is a matter of speculation. For the 5-year period between 1956 and 1960, inclusive, 21.2 million boomers were born, nearly 1 1/2 times the number born between 1941 and 1945, and the largest for any 5-year period in the 20th century.
These boomers reach 65+ in 2017-2023
SOURCES
http://www.economist.com/world/mideast-africa/displaystory.cfm?story_id=11670946
http://medicalmalpracticelawblog.com/2008/10/31/statistics-on-medical-malpractice-lawsuits/
http://www.resource4medicalmalpractice.com/topics/medicalmalpracticefacts.html
http://www.medical-malpractice-attorney-source.com/medical_malpractice/statistics.html
http://en.wikipedia.org/wiki/Tort_reform
http://www.answers.com/topic/medical-malpractice
http://www.bbhq.com/bomrstat.htm
Duration : 0:10:56
Forbes