Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: CBurnett who wrote (162953)	11/8/2008 10:16:22 PM
From: Bank Holding Company	Respond to of 306849

Healthcare is just a really twisted power game. I could go on and on but i'll just stop now.

To: CBurnett who wrote (162953)	11/8/2008 10:25:53 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

yes indeed our healthcare system is making money. I once ran a report of the number of companies with mkt caps over 20 billion in the market - first the healthcare industry and then the semiconductor industry. In the semi industry there are TWO companies with mkt cap over 20 billion. Intel and TXN (then). There were over 40 companies with mkt caps over 20 billion in healthcare. First you had the drug companies: J and J, Pfizer, Abbot, Alcon, Lilly, Novartis, Glaxo, Astrozeneca, Merck, Wyteh, Bristol Meyer, Schering Plough. Then the biotechs: Genetech, Sanofi, Amgen, Gilead, Celgene, Novo Nordisk. Biogen used to be in here but fell off. Then to be complete you should look up the HMOs, the Insurance providers, etc etc. Bottom line- there are TEN TIMES the number of expensive, public companies in healthcare as any other industry. Why? Because this industry is skimming 15% off the US 14 trillion dollar GDP every year. This industry is collutive, corrupt, it is the "military industrial complex" that Eisenhower once warned about- except it is the medical industrial complex, and it needs to shut down. note that this has nothing to do with what doctors get paid. Doctors and healthcare providers as well as facilities are underfunded. The money is going to the executives at these corporations- similar to the music industry.

To: CBurnett who wrote (162953)	11/8/2008 11:10:41 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

In a sense we have been subsidizing health care all along. Drug companies through price protection. HMO's/insurers through ERISA. Hospitals through tax benefits as non-profit entities (joke). Everyone through medicare. And then shifting costs back to taxpayors to cover everything done (albeit inefficiently) in the uninsured world. It's crazy and it's unsustainable.