Comments on: Why have education and medical costs outpaced inflation by leaps and bounds? http://harvardapplication.com/why-have-education-and-medical-costs-outpaced-inflation-by-leaps-and-bounds.htm Fri, 18 May 2012 19:57:28 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Roadrunner http://harvardapplication.com/why-have-education-and-medical-costs-outpaced-inflation-by-leaps-and-bounds.htm/comment-page-1#comment-10649 Roadrunner Thu, 08 Sep 2011 14:53:02 +0000 http://harvardapplication.com/why-have-education-and-medical-costs-outpaced-inflation-by-leaps-and-bounds.htm#comment-10649 Supply and demand. Government aid and illegal aliens contribute to the ability to demand more. Prices go up. Industry problems like malpractice and people not paying bills contribute. Last but most certainly not least is the fact that Americans have adopted very unhealthy lifestyles that have contributed to demand for health care while unions have made increasing demands on taxpayers to fund educational institutions. Supply and demand. Government aid and illegal aliens contribute to the ability to demand more. Prices go up. Industry problems like malpractice and people not paying bills contribute. Last but most certainly not least is the fact that Americans have adopted very unhealthy lifestyles that have contributed to demand for health care while unions have made increasing demands on taxpayers to fund educational institutions.

]]> By: u_bin_called http://harvardapplication.com/why-have-education-and-medical-costs-outpaced-inflation-by-leaps-and-bounds.htm/comment-page-1#comment-10646 u_bin_called Thu, 08 Sep 2011 14:53:02 +0000 http://harvardapplication.com/why-have-education-and-medical-costs-outpaced-inflation-by-leaps-and-bounds.htm#comment-10646 One of my long-time doctors recently retired. He was 68 but still as sharp as he was when I first met him 25 years ago. He would have loved to continue working part time to maintain his relationship with his many patients, but he told me he would have to work two days a week just to pay for insurance....not payroll...not overhead...nothing else added....insurance alone. So even if he wanted to make no money, he'd have to work three to four days a week. Of course he could also take a job with one of those mammoth health care groups, but again his point was to maintain the relationship with parents. So he opted for full retirement and the community lost one of its most respected and attentive physicians. One of my long-time doctors recently retired. He was 68 but still as sharp as he was when I first met him 25 years ago.

He would have loved to continue working part time to maintain his relationship with his many patients, but he told me he would have to work two days a week just to pay for insurance….not payroll…not overhead…nothing else added….insurance alone.

So even if he wanted to make no money, he’d have to work three to four days a week.

Of course he could also take a job with one of those mammoth health care groups, but again his point was to maintain the relationship with parents. So he opted for full retirement and the community lost one of its most respected and attentive physicians.

]]> By: Thedude27 http://harvardapplication.com/why-have-education-and-medical-costs-outpaced-inflation-by-leaps-and-bounds.htm/comment-page-1#comment-10645 Thedude27 Thu, 08 Sep 2011 14:53:02 +0000 http://harvardapplication.com/why-have-education-and-medical-costs-outpaced-inflation-by-leaps-and-bounds.htm#comment-10645 "because GOVERNMENT SUBSIDIZES them. thank you." Ladies and gentlemen we have a winner. "because GOVERNMENT SUBSIDIZES them. thank you."

Ladies and gentlemen we have a winner.

]]> By: Queen We are the Champions http://harvardapplication.com/why-have-education-and-medical-costs-outpaced-inflation-by-leaps-and-bounds.htm/comment-page-1#comment-10647 Queen We are the Champions Thu, 08 Sep 2011 14:53:02 +0000 http://harvardapplication.com/why-have-education-and-medical-costs-outpaced-inflation-by-leaps-and-bounds.htm#comment-10647 Corporations are out to make money!!! The government also helps them so they don't care. Colleges is ridiculous as they have paid for the housing decades ago, the teachers don't get that big of raises even if union and cost of the rest of the stuff doesn't jump that much. Corporations are out to make money!!! The government also helps them so they don’t care. Colleges is ridiculous as they have paid for the housing decades ago, the teachers don’t get that big of raises even if union and cost of the rest of the stuff doesn’t jump that much.

]]> By: Jim http://harvardapplication.com/why-have-education-and-medical-costs-outpaced-inflation-by-leaps-and-bounds.htm/comment-page-1#comment-10648 Jim Thu, 08 Sep 2011 14:53:02 +0000 http://harvardapplication.com/why-have-education-and-medical-costs-outpaced-inflation-by-leaps-and-bounds.htm#comment-10648 For education, there are more applicants and therefor more demand for spaces at harvard and mostly the price increase is because Parents think the more they pay, the better the school must be. and according to a Kaiser study, Health care cost are increasing because of 4 major reasons: •Technology and Prescription drugs – For several years, spending on new medical technology and prescription drugs has been cited as a leading contributor to the increase in overall health spending; ... •Chronic disease – The nature of health care in the U.S. has changed dramatically over the past century with longer life spans and greater prevalence of chronic illnesses. ... •Aging of the population – Health expenses rise with age and as the baby boomers are now in their middle years, some say that caring for this growing population has raised costs. ... •Administrative costs – It is estimated that at least 7% of health care expenditures are for administrative costs (e.g., marketing, billing) and this portion is much lower in the Medicare program (<2%), which is operated by the federal government.... For education, there are more applicants and therefor more demand for spaces at harvard and mostly the price increase is because Parents think the more they pay, the better the school must be.

and according to a Kaiser study, Health care cost are increasing because of 4 major reasons:
•Technology and Prescription drugs – For several years, spending on new medical technology and prescription drugs has been cited as a leading contributor to the increase in overall health spending; …

•Chronic disease – The nature of health care in the U.S. has changed dramatically over the past century with longer life spans and greater prevalence of chronic illnesses. …

•Aging of the population – Health expenses rise with age and as the baby boomers are now in their middle years, some say that caring for this growing population has raised costs. …

•Administrative costs – It is estimated that at least 7% of health care expenditures are for administrative costs (e.g., marketing, billing) and this portion is much lower in the Medicare program (<2%), which is operated by the federal government….

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