PeakTrader.com

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PeakTrader said...

Larry, you're citing reasons why government should be out of U.S. health care.

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Larry, if you're poor and need a lawyer, you can't afford a high-powered lawyer.

A lawyer will be appointed to you, but it won't likely be the lawyer you want.

That's just the way it is. Accept it.

Of course, lowering costs, while at least maintaining quality, should be objectives.

Personally, I think, there are too many JDs and too few MDs.

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If you're poor and need a lawyer, you can't afford a high-powered lawyer.

A lawyer will be appointed to you, but it won't likely be the lawyer you want.

That's just the way it is.

Of course, lowering costs, while at least maintaining quality, should be objectives.

Universal health care appoints lawyers for you, and if you don't like your lawyer, then you have to forgo the "free" lawyer and pay for your own lawyer.

Everyone will pay too much for the "free" lawyer, whether they use him or not.

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Larry, what percentage of GDP is the entire U.S. health care industry?

Singapore's health care industry isn't as advanced.

And U.S. health care is too expensive because of government.

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Juandos, 3% of GDP is not much (in Singapore). Perhaps, the rich get 2.9% of the health care and the poor get 0.1%.

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I wonder what percent of GDP U.S. health care would be without people like Michael Jackson and Dolly Parton?

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VangelV, according to Larry's math, we're expected to believe everyone in Singapore can afford a $50,000 one-size-fits-all Cadillac SUV, because they sell for $10,000, thanks to a government controlled system.

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Larry says: "Singapore has a 33% (tax) rate. 20% + 13% and you guys say it's a superior system."

So, to lower health care costs to 3% of GDP, we need to raise taxes substantially.

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http://www.blogger.com/comment.g?blogID=28997633&postID=2189074640239346523

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PeakTrader said...

The high costs of health care caused by government is a great disservice for both the insured and uninsured.

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Yes, there are enormous problems with the U.S. health care system.

That's why we need to scale back government intervention substantially.

Unfortunately, with "Obamacare," we continue to go the other way, which adds even more inefficiency.

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Larry, government needs to scale back its enormous influence over private health care insurance.

So, Americans can have more health care at lower premiums.

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We're on a unsustainable path without efficiencies and trade-offs.

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Juandos, we know what the Democrats are trying to do.

They want to continue driving-up the cost of health care (which is a great disservice in itself), until it's so high, a complete government takeover will be an improvement.

It will be an improvement initially.

However, over time, hospitals will deteriorate, the quantity and quality of medical equipment will fall, there will be less specialized care (and more generalized care initially), etc..

When trade-offs are exhausted and inefficiencies continue, we'll receive less and less health care for the prices or taxes we pay.

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If the U.S. government nationalizes the health care industry, new drug development will likely slow substantially:

Pharmaceutical industry-Wikipedia

"The United States accounts for almost half of the global pharmaceutical market, with $289 billion in annual sales followed by the EU and Japan."

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The U.S. dominates the world in the Biotech Revolution.

List of the top 100 biotechs in the world (by revenue 2006):

"List of Biotechnology Companies"-Wikipedia

1 Amgen USA
2 Genentech USA
3 Genzyme USA
4 UCB Belgium
5 Gilead Sciences USA
6 Serono Switzerland
7 Biogen Idec USA
8 CSL Australia
9 Cephalon USA
10 MedImmune USA
11 Celgene USA
12 Abraxis BioScience USA
13 Actelion Switzerland
14 ImClone Systems USA
15 Amylin Pharmaceuticals USA
16 Millennium Pharmaceuticals USA
17 PDL BioPharma USA
18 OSI Pharmaceuticals USA
19 MGI Pharma USA
20 Pharmion USA
21 Nektar Therapeutics USA
22 Vertex Pharmaceuticals USA
23 Biocon India
24 Cubist Pharmaceuticals USA
25 Enzon Pharmaceuticals USA
26 QLT Canada
27 ViroPharma USA
28 Alkermes USA
29 Crucell Netherlands
30 United Therapeutics USA
31 LifeCell USA
32 Ligand Pharmaceuticals USA
33 Myriad Genetics USA
34 Exelixis USA
35 Cangene Canada
36 InterMune USA
37 Nabi Biopharmaceuticals USA
38 BioMarin Pharmaceutical USA
39 Lexicon Pharmaceuticals USA
40 Progenics Pharmaceuticals USA
41 Innogenetics Belgium
42 Idenix Pharmaceuticals USA
43 MorphoSys Germany
44 Omrix Biopharmaceuticals USA
45 Regeneron Pharmaceuticals USA
46 Acambis UK
47 Tanox USA
48 ViaCell USA
49 Indevus Pharmaceuticals USA
50 Medarex USA
51 NPS Pharmaceuticals USA
52 Monogram Biosciences USA
53 Oscient Pharmaceuticals USA
54 Array BioPharma USA
55 AEterna Zentaris Canada
56 IsoTis Switzerland
57 Enzo Biochem USA
58 CuraGen USA
59 Neurocrine Biosciences USA
60 MediGene Germany
61 Life Therapeutics Australia
62 Inspire Pharmaceuticals USA
63 CV Therapeutics USA
64 Cerus USA
65 SciClone Pharmaceuticals USA
66 ImmunoGen USA
67 Protherics UK
68 Arena Pharmaceuticals USA
69 Vernalis UK
70 Bavarian Nordic Denmark
71 Xoma USA
72 GPC Biotech Germany
73 Micromet USA
74 Targacept USA
75 Carrington Laboratories USA
76 Acorda Therapeutics USA
77 Anika Therapeutics USA
78 Human Genome Sciences USA
79 Dusa Pharmaceuticals USA
80 ZymoGenetics USA
81 Maxygen USA
82 Isis Pharmaceuticals USA
83 Genmab Denmark
84 BioSciMed USA
85 Bioniche Life Sciences Canada
86 Vitrolife Sweden
87 Coley Pharmaceutical Group USA
88 Palatin Technologies USA
89 Encysive Pharmaceuticals USA
90 GenVec USA
91 Medivir Group Sweden
92 Peptech Australia
93 Ambrilia Biopharma Canada
94 Cytogen USA
95 Replidyne USA
96 Sinovac Biotech China
97 Trimeris USA
98 Avanir Pharmaceuticals USA
99 Adolor USA

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