X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

However the debate turns out, it´s clear that healthcare is big business… very big business. It´s such a big business and so many companies, doctors, and lawyers profit off it, that the government has to reduce overall growth in costs or it could take us all down into a further pit of national and personal debt. We hear about waste and inefficiencies, and if you´ve been to a doctor or in a hospital lately you´ll get many object lessons. Controlling costs translates into paring back what health insurers, doctors, attorneys, drug companies and others who feed at the health care trough take in. In particular, the President clearly has health insurers in his sights. These companies´ overhead approaches 20% (compared to under 5% for the oft-criticized government Medicare bureaucracy). Then we have the malpractice lawyers who lick their chops over large contingency fees. The malpractice bogeyman in turn takes us back to the insurance industry-doctors conduct all sorts of cover their backside tests, seek second and third opinions from various specialists, and take out large insurance policies to protect themselves from lawsuits. The insurers hire tons of private bureaucrats to find ways to lower their payments to doctors or find excuses not to cover policyholders-us. All these people who operate in the healthcare industry fill lots of office buildings. Leasing all that space costs money too.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.