What is the appropriate word to use when you find out that the top executive at the third largest health insurance company in America raked in 68.7 million dollars in 2010? How is one supposed to respond when one learns that more than two dozen pharmaceutical companies make over a billion dollars in profits each year? Is it okay to get angry when you discover that over 90 percent of all hospital bills contain “gross overcharges”?
Once upon a time, going into the medical profession was seen as a “noble” thing to do. But now the health care industry in the United States has become one giant money making scam and it is completely dominated by health insurance companies, pharmaceutical corporations, lawyers and corporate fatcats. In America today, just one trip to the hospital can cost you tens of thousands of dollars even if you do not stay for a single night. The sad thing is that the vast majority of the money that you pay out for medical care does not even go to your doctor. In fact, large numbers of doctors across the United States are going broke. Rather, it is the “system” that is soaking up almost all of the profits. We have a health care industry in the United States that is fundamentally broken and it needs to be rebuilt from the ground up.
But wasn’t that what Obamacare was supposed to do? No, in fact Obamacare was largely written by representatives from the health insurance industry and the pharmaceutical industry. Once it was signed into law the stocks of most health insurance companies went way up.
The truth is that Obamacare was one of the worst pieces of legislation in modern American history. It did nothing to fix our health care problems. Rather, it just made all of our health care problems much worse.
In case you haven’t noticed, health insurance companies all over the United States have announced that they are going to raise premiums significantly due to the new law. Of course they are just using it as an excuse. They have been sticking it to us good for the last several decades and they just grab hold of whatever excuse they can find to justify the latest rate hike.
If you are looking for a legal way to drain massive amounts of money out of average Americans just become a health care company executive. Health care has become perhaps the greatest money making scam in the United States. When Americans are sick and have to go to the hospital most of them aren’t really thinking about how much it will cost. At that point they are super vulnerable and ready to be exploited.
It is almost unbelievable how much money some of these companies make. Health insurance companies are more profitable when they provide less health care. Pharmaceutical companies aren’t in the business of saving lives. Rather, they are in the business of inflating the profit margins on their drugs as much as possible. Many hospitals have adopted a policy of charging “whatever they can get away with”, knowing that the vast majority of the public will never challenge the medical bills.
The system is broken.
Everyone knows it.
But it never gets fixed.
The following are 25 shocking facts that prove that the entire U.S. health care industry is one giant money making scam….