American Economics Thread

[broadsword]

Everything medical related is hyper-inflated in the US, including hospital costs in the form of salaries and medical supplies.

Most A&E clinics run a huge deficit because they cannot simply turn away uninsured sufferers for them to die out on the streets. But even minimal life saving care will costs A&E eye watering amounts of money to treat in America. And increasingly, fewer patients can afford medical insurance.

You need a certain scale of size in order to thrive in that market because it’s the more specialised treatments that are most profitable, so you need a big hospital with all the latest and greatest medical devices and top of the line superstar surgeons to operate them.

The Hospitals that are closing are the small and medium ones who are taking the full hit of more and more none insured walk ins that they cannot turn away, but lack the size and scope of specialist commercial units to make enough back from insurance companies to break even.

Like this situation:

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[Gatekeeper]

Everything medical related is hyper-inflated in the US, including hospital costs in the form of salaries and medical supplies.

Most A&E clinics run a huge deficit because they cannot simply turn away uninsured sufferers for them to die out on the streets. But even minimal life saving care will costs A&E eye watering amounts of money to treat in America. And increasingly, fewer patients can afford medical insurance.

You need a certain scale of size in order to thrive in that market because it’s the more specialised treatments that are most profitable, so you need a big hospital with all the latest and greatest medical devices and top of the line superstar surgeons to operate them.

The Hospitals that are closing are the small and medium ones who are taking the full hit of more and more none insured walk ins that they cannot turn away, but lack the size and scope of specialist commercial units to make enough back from insurance companies to break even.

Another sucess in the Milton Friedman school of economics!

 

[hydrogenpi]

 

[Jura The idiot]

Dec 12, 2019

let me see ... Jun 19, 2019
as "The Committee decided to maintain the target range for the federal funds rate at 1‑1/2 to 1-3/4 percent."
:
Federal Reserve issues FOMC statement

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now though

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[hydrogenpi]

Doesnt seem the Fed rate cut is working. Oil stocks going to zero. Gold skyrocketing. This could spell the end of US dollar dominance

 

[AndrewS]

Another sucess in the Milton Friedman school of economics!

I do wonder what they teach there.

I still remember going over numerous "market failure" examples in economics class in secondary school.

 

[Hendrik_2000]

A day in the life of factory worker in China

 

[Hendrik_2000]

This is how the test using CT scan. china is fortunate that the health facilities expansion in the last 2 decades finally paid off
Why are CT scans used on coronavirus patients? Follow Xinhua reporter Xu Zeyu as he visits a pulmonary hospital in Wuhan where doctors get up close with COVID-19.

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epi.07

This is how they test the corona virus
blob:

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[Hendrik_2000]

How the US bungle up the corona virus test only 471 tested sofar LOL. And they have 1 month to prepared but done nothing but pray
And with broken health care system It will skyrocket soon, hold your seat I guess they laugh too early
As criticism mounts, the Trump administration pledges to speed up testing.


A researcher developing coronavirus testing kits at a lab in Nutley, N.J., last week.Credit...Kena Betancur/Getty Images
The Trump administration said on Monday that it was working with private companies and academic laboratories to develop and validate coronavirus tests in order to ramp up testing across the country.

Nearly a million tests could be administered by the end of this week, officials said,

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.
Testing has proved to be one of the more challenging aspects of dealing with outbreaks, in part because

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can still transmit the virus.
Efforts to get a fuller picture of the virus’s spread in the United States were also hindered after The Centers for Disease Control and Prevention botched the first attempt to mass produce a diagnostic kit, a discovery made only after hundreds of kits had been shipped to state laboratories.

 

[Gatekeeper]

I do wonder what they teach there.

I still remember going over numerous "market failure" examples in economics class in secondary school.

Yes, problem with market failure in a capitalist economy is the public often picks up the bill!